Currency portfolios and currency exchange in a search economy:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Frankfurt am Main
Deutsche Bundesbank
2001
|
| Series: | Discussion paper / Economic Research Centre of the Deutsche Bundesbank
2001,15 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 42 S. graph. Darst. |
| ISBN: | 3933747902 |
Staff View
MARC
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Record in the Search Index
| _version_ | 1804128971940429824 |
|---|---|
| adam_text | Contents
1. Introduction 1
2. Literature Review of Search Models 3
3. The Search Environment 4
3.1 Preferences and Costs of Production 5
3.2 Media of Exchange and Currency Portfolios 5
3.3 Aggregate Money Stocks 5
3.4 Government Behavior 6
3.5 Matching Process 6
3.6 Bargaining 7
3.7 Value Functions 8
3.8 Bargaining 9
3.9 The Distribution of Portfolios 10
3.10 Equilibrium 12
4. Numerical Methods 12
5 Numerical Results 14
5.1 Small Portfolios 14
5.2 Large Portfolios 18
5.2.1 N = N, No Making Change Trades 18
5.2.2 Changes in Search Frictions 24
5.2.3 N= 10, Making Change Trades 25
5.2.4 Very Large Portfolios N = 15, No Making Change Trades 30
6 Conclusions 33
7 References 34
List of Tables and Figures
Table 1 a: Small Economy with Differing Risk of Domestic Currency
Confiscation 15
Table 1 b: Characteristics of a Small Economy with Differing Currency Risk 16
Table 2: Medium Economy with Differing Currency Risk 19
Table 3: Currency Market Exchange Rates for a Medium Economy 22
Table 4: Medium Economy with Differing Search Frictions 24
Table 5: Medium Economy with and without Making Change in Goods Trades 27
Table 6: Transaction Patterns for a Foreign Currency Rich Buyer 28
Table 7 Medium ,,Making Change Economy with Differing Currency Risk 29
Table 8: Currency Market Exchange Rates for a
Medium Making Change Economy 30
Table 9: Large Portfolio Economy with Differing Currency Risk 31
Table 10: Currency Market in Large Portfolio Economy
with Differing Currency Risk 32
Table A1 Transaction Patterns for a Poor Seller 36
Table A2 Transaction Patterns for a Foreign Currency Rich Seller 37
Table A3 Transaction Patterns for a Domestic Currency Rich Seller 38
Figures
Figure 1: Value Functions for a Medium Sized Economy,
Differing Domestic Currency Risk 18
Figure 2: Price Distributions for Purchases by One Unit of Riskless Foreign Currency 20
Figure 3: Price Distributions for Purchases by One Unit of Risky Domestic Currency 21
Figure 4: Value Functions with and without Making Change in Goods Trades 26
|
| any_adam_object | 1 |
| author | Craig, Ben R. Waller, Christopher 1959- |
| author_GND | (DE-588)171014294 (DE-588)131395297 |
| author_facet | Craig, Ben R. Waller, Christopher 1959- |
| author_role | aut aut |
| author_sort | Craig, Ben R. |
| author_variant | b r c br brc c w cw |
| building | Verbundindex |
| bvnumber | BV014105364 |
| classification_rvk | QB 910 QM 331 |
| ctrlnum | (OCoLC)76349224 (DE-599)BVBBV014105364 |
| discipline | Wirtschaftswissenschaften |
| format | Book |
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| id | DE-604.BV014105364 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:57:43Z |
| institution | BVB |
| isbn | 3933747902 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-009663020 |
| oclc_num | 76349224 |
| open_access_boolean | |
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| physical | 42 S. graph. Darst. |
| publishDate | 2001 |
| publishDateSearch | 2001 |
| publishDateSort | 2001 |
| publisher | Deutsche Bundesbank |
| record_format | marc |
| series2 | Discussion paper / Economic Research Centre of the Deutsche Bundesbank |
| spelling | Craig, Ben R. Verfasser (DE-588)171014294 aut Currency portfolios and currency exchange in a search economy Ben Craig ; Christopher J. Waller Frankfurt am Main Deutsche Bundesbank 2001 42 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Discussion paper / Economic Research Centre of the Deutsche Bundesbank 2001,15 Gleichgewichtsmodell (DE-588)4125214-7 gnd rswk-swf Währungsrisiko (DE-588)4064157-0 gnd rswk-swf Wechselkurs (DE-588)4064921-0 gnd rswk-swf Währungsrisiko (DE-588)4064157-0 s Wechselkurs (DE-588)4064921-0 s Gleichgewichtsmodell (DE-588)4125214-7 s DE-188 Waller, Christopher 1959- Verfasser (DE-588)131395297 aut Economic Research Centre of the Deutsche Bundesbank Discussion paper 2001,15 (DE-604)BV013545109 2001,15 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009663020&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Craig, Ben R. Waller, Christopher 1959- Currency portfolios and currency exchange in a search economy Gleichgewichtsmodell (DE-588)4125214-7 gnd Währungsrisiko (DE-588)4064157-0 gnd Wechselkurs (DE-588)4064921-0 gnd |
| subject_GND | (DE-588)4125214-7 (DE-588)4064157-0 (DE-588)4064921-0 |
| title | Currency portfolios and currency exchange in a search economy |
| title_auth | Currency portfolios and currency exchange in a search economy |
| title_exact_search | Currency portfolios and currency exchange in a search economy |
| title_full | Currency portfolios and currency exchange in a search economy Ben Craig ; Christopher J. Waller |
| title_fullStr | Currency portfolios and currency exchange in a search economy Ben Craig ; Christopher J. Waller |
| title_full_unstemmed | Currency portfolios and currency exchange in a search economy Ben Craig ; Christopher J. Waller |
| title_short | Currency portfolios and currency exchange in a search economy |
| title_sort | currency portfolios and currency exchange in a search economy |
| topic | Gleichgewichtsmodell (DE-588)4125214-7 gnd Währungsrisiko (DE-588)4064157-0 gnd Wechselkurs (DE-588)4064921-0 gnd |
| topic_facet | Gleichgewichtsmodell Währungsrisiko Wechselkurs |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009663020&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV013545109 |
| work_keys_str_mv | AT craigbenr currencyportfoliosandcurrencyexchangeinasearcheconomy AT wallerchristopher currencyportfoliosandcurrencyexchangeinasearcheconomy |