Statistical mechanics of a time-homogeneous system of money and antimoney
Financial crises appear throughout human history. While there are many schools of thought on what the actual causes of such crises are, it has been suggested that the creation of credit money might be a source of financial instability. We discuss how the credit mechanism in a system of fractional re...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
IOP Publishing
2014-01-01
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| Series: | New Journal of Physics |
| Subjects: | |
| Online Access: | https://doi.org/10.1088/1367-2630/16/3/033024 |