THE IMPORTANCE OF THE MONEY CREDIT SYSTEM IN THE WORLD

Authors

  • Kuchkarov Gaybulla Docent of KarSU
  • Lola Babayeva Head teacher of KarSU

DOI:

https://doi.org/10.17605/OSF.IO/VSHG4

Keywords:

Money, Credit, Inflation

Abstract

In this article we try to develop a theory of money and credit as competing payment instruments, then put it to work in applications. Buyers can use cash or credit, with the former (latter) subject to the inflation tax (transaction costs). Frictions that make the choice of payment method interesting also imply equilibrium price dispersion.

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Published

2022-08-04

How to Cite

Kuchkarov Gaybulla, & Lola Babayeva. (2022). THE IMPORTANCE OF THE MONEY CREDIT SYSTEM IN THE WORLD. Web of Scientist: International Scientific Research Journal, 3(8), 67–73. https://doi.org/10.17605/OSF.IO/VSHG4

Issue

Vol. 3 No. 8 (2022): wos

Section

Articles