Browsing FGV EPGE - Escola Brasileira de Economia e Finanças by Subject "Disponibilidade monetária - Modelos econométricos"

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    • Endogenous supply of fiat money 

      Araújo, Luís Cesar G. de
      2006-02-02
      We address whether reputation concerns can discipline the behavior of a self-interested agent who has a monopoly over the provision of fiat money. We obtain that when this agent can commit to a plan of action, there is a ...