Money, intermediation and coordination in decentralised markets

Overview: This thesis studies the coordination of individuals' transactions in a large, decentralized market. The first half of the thesis examines the role of market institutions in an environment with frictions. In particular, it studies the interaction between "intermediaries" (ban...

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Bibliographic Details
Main Author: Hellwig, Christian
Published: London School of Economics and Political Science (University of London) 2003
Subjects:
Online Access:http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.407896