Economics at your fingertips  

Monnaie de crédit et dettes privées

Xavier Ragot ()

Revue économique, 2002, vol. 53, issue 3, 679-688

Abstract: We analyze the causes of money circulation when the issuance of private debts allows agents to transact with each other. We show in general equilibrium that credit money enables agents to transfer their costs of debt management to the banking system. If the cost to access to liquidity is too high, then agents can go back to private debt transactions and the economy gets de-monetized. We focus on the choice of the number of transactions by each agent and the de-monetization process. Finally, we show that this model can explain some aspects of the evolution of barter in Russia in the 90’s. Classification JEL : E41, E51, L11

JEL-codes: E41 E51 L11 (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
Journal Article: Monnaie de crédit et dettes privées (2002) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Revue économique from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().

Page updated 2019-11-22
Handle: RePEc:cai:recosp:reco_533_0679