Now showing items 1-2 of 2

    • Counterfeiting as private money in mechanism design 

      Cavalcanti, Ricardo de Oliveira; Nosal, Ed
      We describe counterfeiting activity as the issuance of private money, one that is difficult to monitor. Our approach, which amends the basic random-matching model of money in mechanism design, allows a tractable welfare ...
    • Essays on banking theory and history of financial arrangements 

      Ferreira, Murilo Resende
      This thesis contains two chapters, each one dealing with banking theory and the history of financiai arrangements. In Chapter 1, we extend a Diamond and Dybvig economy with imperfect monitoring of early withdrawals and ...