Under what conditions do the poor hold cash in pairwise-trade models?
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kwon, O. | - |
dc.contributor.author | Lee, M. | - |
dc.date.accessioned | 2021-09-07T04:12:48Z | - |
dc.date.available | 2021-09-07T04:12:48Z | - |
dc.date.created | 2021-06-17 | - |
dc.date.issued | 2012 | - |
dc.identifier.issn | 1229-2893 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/110663 | - |
dc.description.abstract | Most existing pairwise-trade models of money predict that the poor may not hold any money in the presence of interest-bearing liquid assets. We resolve this seemingly implausible prediction by incorporating cash and interestbearing checking account into a standard search-theoretic model. If the transaction cost of a debit card is neither too small nor too large, there is a coexistence equilibrium in which the poor hold cash for their small transactions, whereas the rich hold interest-bearing deposits and use a debit card for their large transactions. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.title | Under what conditions do the poor hold cash in pairwise-trade models? | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Lee, M. | - |
dc.identifier.scopusid | 2-s2.0-84867117275 | - |
dc.identifier.bibliographicCitation | Journal of Economic Theory and Econometrics, v.23, no.3, pp.237 - 252 | - |
dc.relation.isPartOf | Journal of Economic Theory and Econometrics | - |
dc.citation.title | Journal of Economic Theory and Econometrics | - |
dc.citation.volume | 23 | - |
dc.citation.number | 3 | - |
dc.citation.startPage | 237 | - |
dc.citation.endPage | 252 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.identifier.kciid | ART001699438 | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | scopus | - |
dc.description.journalRegisteredClass | kci | - |
dc.subject.keywordAuthor | Cash | - |
dc.subject.keywordAuthor | Checking account | - |
dc.subject.keywordAuthor | Coexistence puzzle | - |
dc.subject.keywordAuthor | Debit card | - |
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
(02841) 서울특별시 성북구 안암로 14502-3290-1114
COPYRIGHT © 2021 Korea University. All Rights Reserved.
Certain data included herein are derived from the © Web of Science of Clarivate Analytics. All rights reserved.
You may not copy or re-distribute this material in whole or in part without the prior written consent of Clarivate Analytics.