Reciprocal Exchange Networks: Implications for Macroeconomic Stability

Posted: 14 Jun 2000

See all articles by James P. Stodder

James P. Stodder

Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology

Multiple version iconThere 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

Stodder, James P., Reciprocal Exchange Networks: Implications for Macroeconomic Stability (April 24, 2000). Available at SSRN: https://ssrn.com/abstract=224050

James P. Stodder (Contact Author)

Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology ( email )

110 8th St
Troy, NY 12180
United States
860-548-7860 (Phone)
860-547-0866 (Fax)

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