E4 - Money and Interest Rates - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-28T12:47:22+00:00The Threat of Counterfeiting in Competitive Search Equilibrium
https://www.bankofcanada.ca/2013/07/working-paper-2013-22/
Recent studies in monetary theory show that if buyers can use lotteries to signal the quality of bank notes, counterfeiting does not occur in a pooling equilibrium. In this paper, I investigate the robustness of this non-existence result by considering an alternative trading mechanism.2013-07-03T13:52:49+00:00enThe Threat of Counterfeiting in Competitive Search Equilibrium2013-07-03Bank notesWorking Paper 2013-22https://www.bankofcanada.ca/wp-content/uploads/2013/07/wp2013-22.pdfThe Threat of Counterfeiting in Competitive Search EquilibriumEnchuan ShaoJuly 2013DD8D82D83EE4E42