Browsing by Author "Wallace, Neil"

Now showing items 1-2 of 2

    • Inside and Outside Money as Alternative Media of Exchange 

      Cavalcanti, Ricardo de Oliveira; Wallace, Neil
      1999
      We study a random-matching model of money in which a subset of people, called bankers, have known histories and the rest, called nonbankers, have unknown histories. Earlier, we showed that if there are no outside assets, ...

    • New models of old(?) payment questions 

      Cavalcanti, Ricardo de Oliveira; Wallace, Neil
      2006-09-01
      Is private money feasible and desirable? In its absence, is there a central bank policy that partially or fully substitutes for private money? In this paper, some recent modeling ideas about how to address these questioned ...