| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 967470 | Journal of Monetary Economics | 2012 | 10 Pages |
Abstract
⺠Lagos and Wright (2005) is silent about the exchange process in the centralized market. ⺠The literature that follows is silent as well. ⺠Being explicit about exchange in the centralized market matters for essentiality. ⺠We model the centralized market as a market game. ⺠We provide conditions under which money remains essential.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Luis Araujo, Braz Camargo, Raoul Minetti, Daniela Puzzello,