Title of article
Money creation process in a random redistribution model
Author/Authors
Chen، نويسنده , , Siyan and Wang، نويسنده , , Yougui and Li، نويسنده , , Keqiang and Wu، نويسنده , , Jinshan، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2014
Pages
9
From page
217
To page
225
Abstract
In this paper, the dynamical process of money creation in a random exchange model with debt is investigated. The money creation kinetics are analyzed by both the money-transfer matrix method and the diffusion method. From both approaches, we attain the same conclusion: the source of money creation in the case of random exchange is the agents with neither money nor debt. These analytical results are demonstrated by computer simulations.
Keywords
Money creation , Random exchange model , diffusion process , Econophysics
Journal title
Physica A Statistical Mechanics and its Applications
Serial Year
2014
Journal title
Physica A Statistical Mechanics and its Applications
Record number
1737783
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