金属货币系统建模分析框架

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2024-10-11 DOI:10.1016/j.frl.2024.106261

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引用次数: 0

摘要

小硬币、大硬币和铸锭在金属货币体系中并行流通，它们根据每种形式的交易价值通过不同的机制进行分类。这是首次尝试对它们的边界进行建模。我们构建了一个铸币厂市场机制模型，并推导出两个模型来实现我们的目标。第一个模型是小硬币的供需模型，它决定了小硬币和大硬币之间的分界线；第二个模型是博弈模型，它的均衡解决定了大硬币和铸锭之间的分界线。

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Modeling analysis framework for metallic currency system

Small coins, large coins, and ingots circulated in parallel in the metallic currency system, and they were sorted by different mechanisms based on the transaction value of each form. This is the first attempt to model their boundaries. We construct a model of the market mechanism of the mint which derives two models to achieve our goal. The first model derived is a supply-demand model of small coins that determines the demarcation between small coins and large coins, and the second is a game model whose equilibrium solution determines the dividing line between large coins and ingots.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance

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