Reciprocal Exchange Networks: Implications for Macroeconomic Stability
Posted: 14 Jun 2000
There are 2 versions of this paper
Reciprocal Exchange Networks: Implications for Macroeconomic Stability
Posted: 14 Jun 2000
You are currently viewing this paper
Abstract
Long time series on reciprocal exchange networks or "barter rings" show that trade volume and credit on these networks are highly counter-cyclical. Most studies of the macroeconomic impact of the internet focus on the stabilizing effect of greater price and inventory flexibility. However, the pre-internet experience of two large barter networks -- the International Reciprocal Trade Association (IRTA) in the US, and the Wirtschaftsring (WIR) of Switzerland -- suggests that expanded credit availability may be even more stabilizing.
JEL Classification: E00, P13
Suggested Citation: Suggested Citation
Stodder, James P., Reciprocal Exchange Networks: Implications for Macroeconomic Stability. Available at SSRN: https://ssrn.com/abstract=224418
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.