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A General Equilibrium Model of Interregional Monetary Flows

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  • C Moore
  • A Nagurney

Abstract

A model is presented to explain how a competitive equilibrium is achieved between multiple regions trading in multiple financial markets. The process of interregional arbitrage developed by Moore, Hill, and others over the past few years is combined with the work of Nagurney in spatial price equilibrium to provide an interesting extension of the original model. This is the first application of spatial equilibrium to monetary flows; an essential ingredient in the eventual development of a general model of spatial equilibrium.

Suggested Citation

  • C Moore & A Nagurney, 1989. "A General Equilibrium Model of Interregional Monetary Flows," Environment and Planning A, , vol. 21(3), pages 397-404, March.
    • Handle: RePEc:sae:envira:v:21:y:1989:i:3:p:397-404
    DOI: 10.1068/a210397
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    References listed on IDEAS

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    1. Florian, Michael & Los, Marc, 1982. "A new look at static spatial price equilibrium models," Regional Science and Urban Economics, Elsevier, vol. 12(4), pages 579-597, November.
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