; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Limited Information, Money, and Competitive Equilibrium"; ; "batchuser@example.com"; "Smith, Bruce D. (Bruce David), 1954-2002"; "Federal Reserve Bank of Minneapolis"; "In an overlapping generations model with borrowing and lending, uncertainty, and asymmetric information, fiat money may be essential to the existence of a competitive equilibrium. It may also serve to enhance the information of economic agents in a well-defined sense. In addition, the model presented provides suggestions about why the presence of valued fiat currency is essential to existence of equilibrium, even though in equilibrium perfect substitutes for money may exist. "^^; "1985-11"; "2019-08-05T23:41:00.410104237+00:00"^^; "https://doi.org/10.21034/wp.204"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Wed Oct 23 18:04:43 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "735"; "Working paper (Federal Reserve Bank of Minneapolis. Research Department)"; "204"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _The Canadian Journal of Economics_ (Vol. 19, No. 4, November 1986, pp. 780-797), https://doi.org/10.2307/135326."^^; ; "Publication" . ; .