Cardiff University | Prifysgol Caerdydd ORCA
Online Research @ Cardiff 
WelshClear Cookie - decide language by browser settings

Optimality of exchange credit restrictions

Gillman, Max 1996. Optimality of exchange credit restrictions. [Working Paper]. Department of Economics - Working Papers Series, vol. 519. Melbourne: Department of Economics, The University of Melbourne.

Full text not available from this repository.

Abstract

The paper formalizes a conflict in the use of credit. As compared to using costless fiat, the consumer's use of credit wastes resources by avoiding the inflation tax through a costly means of exchange. This inefficiency gives lattitude for a planner to increase welfare by restricting exchange credit.

Item Type: Monograph (Working Paper)
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > HB Economic Theory
Uncontrolled Keywords: Credit; inflation; taxes; taxation
Publisher: Department of Economics, The University of Melbourne
Last Modified: 19 Mar 2016 23:15
URI: https://orca.cardiff.ac.uk/id/eprint/44430

Citation Data

Actions (repository staff only)

Edit Item Edit Item