Reciprocal Exchange Networks: Implications for Macroeconomic Stability
Posted: 14 Jun 2000
There are 2 versions of this paper
Date Written: April 24, 2000
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.
Suggested Citation: Suggested Citation
Stodder, James P., Reciprocal Exchange Networks: Implications for Macroeconomic Stability (April 24, 2000). Available at SSRN: https://ssrn.com/abstract=224050
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