منابع مشابه
Private Money
A random matching environment is constructed where banks mitigate a mismatch between the timing of investment payo¤s and when agents wish to consume. Claims on banks may serve as media of exchange, i.e. private money. Two problems can emerge with private money. First, there may exist welfaredominated equilibria where banks hold low-return assets. Second, private media of exchange may be subject...
متن کاملPrivate Money and Counterfeiting
P erhaps the most fundamental question in monetary economics pertains to the role of the government in providing money. A widely held view among economists is that the supply of media of exchange is an activity that should not be left to the private sector. Indeed, even Milton Friedman, who in most respects has viewed the economic role of the government quite narrowly, argues in Friedman (1960)...
متن کاملPrivate Pensions and Individual Savings
had their second child expected on t,he average to have 3 children when their families are completed; those who had had a fourth child expected 4.6 children. While these expectations are somewhat, lower than those found among white Detroit area women at comparable parities, there is serious question as to whether they are realistic. Attitudes and use of birth control among the Negro sample lend...
متن کاملPrivate Money and Banking Regulation ⇤
We show that the regulation of lending practices is desirable for the optimal provision of private money. In an environment in which bankers cannot commit to repay their creditors, neither an unregulated banking system nor a form of narrow banking in which banks hold 100% in reserves can provide the socially efficient amount of money. If bankers provided such an amount, then they would prefer t...
متن کاملPublic Health Insurance and Private Savings
Recent theoretical work suggests that means and asset-tested social insurance programs can explain the low savings of lower income households in the U.S. We assess the validity of this hypothesis by investigating the effect of Medicaid, the health insurance program for low income women and children, on savings behavior. We do so using data on asset holdings from the Survey of Income and Program...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: MISES: Interdisciplinary Journal of Philosophy, Law and Economics
سال: 2018
ISSN: 2594-9187,2318-0811
DOI: 10.30800/mises.2018.v0.1091