Arbeitspapier
Money is privacy
An extensive literature in monetary theory has emphasized the role of money as a record-keeping device. Money assumes this role in situations where using credit would be too costly, and some might argue that this role will diminish as the cost of information, and thus the cost of credit-based transactions, continues to fall. ; In this paper we investigate another use for money: the provision of privacy. That is, a money purchase does not identify the purchaser while a credit purchase does. In a simple trading economy with moral hazard, we compare the efficiency of money is compared with that of credit, and we find that money may be useful even when information is free.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2004-18
- Klassifikation
-
Wirtschaft
- Thema
-
Geldtheorie
Datenschutz
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kahn, Charles M.
McAndrews, James
Roberds, William
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of Atlanta
- (wo)
-
Atlanta, GA
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kahn, Charles M.
- McAndrews, James
- Roberds, William
- Federal Reserve Bank of Atlanta
Entstanden
- 2004
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