A Strategic Market Game with a Mutual Bank with Fractional Reserves and Redemption in Gold
We utilize the strategic market game approach to analyze the role and function of a mutual bank with variable fractional reserves, redemption in gold, and endogenous interest rate formation. We specify the conditions of enough money and its distribution. Using the continuum of traders model, we show...
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| Format: | Journal article |
| Published: |
1992
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