A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright

dc.contributor.author	Cavalcanti, Ricardo de Oliveira
dc.date.accessioned	2008-05-13T15:47:13Z
dc.date.accessioned	2010-09-23T18:57:18Z
dc.date.available	2008-05-13T15:47:13Z
dc.date.available	2010-09-23T18:57:18Z
dc.date.issued	2003-03-24
dc.identifier.issn	0104-8910
dc.identifier.uri	http://hdl.handle.net/10438/1015
dc.description.abstract	A model is presented in which banks accept deposits of fiat money and intermediate capital. Alt though theories about the coexistence of money and credit are inherently difficult, the model offers a simple explanation for the dual role of financial institutions: Banks are well monitored, and can credibly allow fiat-money withdraws to whom needs its, thus qualifying to become safe brokers of idle capital. The model shares some features with those of Diamond and Dybvig (1983) and Kiyotaki and Wright (1989).	eng
dc.language.iso	eng
dc.publisher	Fundação Getulio Vargas. Escola de Pós-graduação em Economia	por
dc.relation.ispartofseries	Ensaios Econômicos;476	por
dc.title	A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright	eng
dc.type	Working Paper	eng
dc.subject.area	Economia	por
dc.contributor.unidadefgv	Escolas::EPGE	por
dc.subject.bibliodata	Liquidez (Economia)	por
dc.subject.bibliodata	Balanço de pagamentos	por
dc.subject.bibliodata	Instituições financeiras	por
dc.contributor.affiliation	FGV