Competing for criminal money
نویسندگان
چکیده
منابع مشابه
Money and Competing Assets under Private Information
This paper studies random-matching economies where at money coexists with a real asset, and no restrictions are imposed on payment arrangements. The real asset is partially illiquid due to informational asymmetries about its fundamental value. The extent to which the real asset is used as means of payment depends on the variance of its dividend as well as monetary policy. The e¤ects of inatio...
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We construct a model where capital competes with fiat money as a medium of exchange, and we establish conditions on fundamentals under which fiat money can be both valued and socially beneficial. When the socially efficient stock of capital is too low to provide the liquidity agents need, they overaccumulate productive assets to use as media of exchange. When this is the case, there exists a mo...
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By introducing costly centralized exchange into a traditional search theoretic decentralized market, where money can mediate trade, we show private money can arise endogenously because it is pro table for the centralized intermediary to satisfy the demand for money that will naturally arise. Trading money to another agent for a good, rather than trading good for good through the centralized int...
متن کاملCaptured on tape: professional hearing and competing entextualizations in the criminal justice system*
A growing body of discourse-analytic studies demonstrates that within the legal system, spoken language that undergoes entextualization is transformed in a variety of sociopolitically consequential ways. Through the analysis of a legal case involving the institutional entextualization of incriminating language—an FBI summary log of wiretapped telephone calls between suspected drug dealers—the a...
متن کاملWorking Paper 08 - 02 April 2008 Money and Competing Assets under Private
Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded offi cial Federal Reserve Bank of Cleveland publications. The views stated herein are those of the authors and are not necessarily those of the Federal Reserve Ban...
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ژورنال
عنوان ژورنال: Global Business and Economics Review
سال: 2008
ISSN: 1097-4954,1745-1329
DOI: 10.1504/gber.2008.019987