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- W3125949613 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)." @default.
- W3125949613 created "2021-02-01" @default.
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- W3125949613 date "2003-03-24" @default.
- W3125949613 modified "2023-09-27" @default.
- W3125949613 title "A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright" @default.
- W3125949613 hasPublicationYear "2003" @default.
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