Credit and credit aggregates - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T12:33:12+00:00Money and Costly Credit
https://www.bankofcanada.ca/2011/02/working-paper-2011-7/
I study an economy in which money and credit coexist as means of payment and the settlement of credit requires money. The model extends recent developments in microfounded monetary theory to address the choice of payment methods and the effects of inflation. Whether a buyer uses money or credit depends on the fixed cost of credit and the inflation rate.2011-02-23T08:48:19+00:00enMoney and Costly Credit2011-02-23Credit and credit aggregatesInflation: costs and benefitsWorking Paper 2011-7https://www.bankofcanada.ca/wp-content/uploads/2011/02/wp11-7.pdfMoney and Costly CreditMei DongFebruary 2011EE4E41E5E50