| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7382103 | Physica A: Statistical Mechanics and its Applications | 2014 | 9 Pages |
Abstract
In this paper, the dynamical process of money creation in a random exchange model with debt is investigated. The money creation kinetics are analyzed by both the money-transfer matrix method and the diffusion method. From both approaches, we attain the same conclusion: the source of money creation in the case of random exchange is the agents with neither money nor debt. These analytical results are demonstrated by computer simulations.
Related Topics
Physical Sciences and Engineering
Mathematics
Mathematical Physics
Authors
Siyan Chen, Yougui Wang, Keqiang Li, Jinshan Wu,