Non-monetary Economies: A Study on Different Governing Principles

Money and credit are ubiquitous in actual economies, but there is an active theoretical debate on whether they are both necessary if they can both be used in all transactions. Recently, Gu et al. (2016) have shown that money and credit cannot be simultaneously essential and debt limits do not matter for the determination of real allocations in a class of monetary economies. In this paper, we revisit their irrelevance result in a monetary economy based on Lagos and Wright (2005), which exhibits a misallocation of liquidity that is common in search models of money. We show that monetary loans, which naturally require the use of both money and credit, implement Pareto superior allocations in which the size of debt limits matters.

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General equilibrium models of monetary economies

Journal of Macroeconomics ◽

10.1016/0164-0704(90)90069-m ◽

1990 ◽

Vol 12 (1) ◽

pp. 159

Keyword(s):

General Equilibrium ◽

Equilibrium Models ◽

General Equilibrium Models ◽

Monetary Economies

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PREDICTORS THAT LEADS TO SOCIO ECONOMIC SUCCESS OF LOCAL COMMUNITIES

Archives of Business Research ◽

10.14738/abr.811.9271 ◽

2020 ◽

Vol 8 (11) ◽

pp. 62-79

Author(s):

. Haudi ◽

Khairi Aseh ◽

Kamal Kenny ◽

P. Ravindran Pathmathan

Keyword(s):

Local Community ◽

Local Population ◽

Secondary Data ◽

Local Communities ◽

Face To Face ◽

Subsistence Economies ◽

Key Stakeholders ◽

Data Compilation ◽

Monetary Economies ◽

Private And Public

In Malaysia, the infusion of private and public sectors has attributed to the nation’s socio-economic development as strengthen by the need to address the demands and challenges of the local community. These efforts will more likely provide several important ideas that would suffice related and relevant literatures, which will be used to develop a better socio-economic growth in Malaysia. In an economic sense, development entails the transformation of simple subsistence economies into complex monetary economies. In the process, an increase in the proportion of products that are sold or exchanged and a decline in the proportion of consumption may take place concurrently. The purpose of this study is to examine the socio-economic demands and gaps of the local population and to suggest assistance and interventions required. The overall results of this study reveal the challenges faced at the community level in the District of Kuala Lipis in the context of social and economy. This study was carried out via a structured survey throughout the district involving 300 respondents and also complemented with a face-to-face interview carried out with key stakeholders. The study findings were also supported with secondary data compilation of journals, articles and speeches.

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