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Money and dynamic credit arrangements with private information

Author

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  • S. Rao Aiyagari
  • Stephen D. Williamson

Abstract

The authors construct a model with private information in which consumers write dynamic contracts with financial intermediaries.

Suggested Citation

  • S. Rao Aiyagari & Stephen D. Williamson, 1998. "Money and dynamic credit arrangements with private information," Working Papers (Old Series) 9807, Federal Reserve Bank of Cleveland.
  • Handle: RePEc:fip:fedcwp:9807
    DOI: 10.26509/frbc-wp-199807
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    10. Lacker, Jeffrey M. & Schreft, Stacey L., 1996. "Money and credit as means of payment," Journal of Monetary Economics, Elsevier, vol. 38(1), pages 3-23, August.
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    More about this item

    Keywords

    Money; Credit;

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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