腐漫网

时间：2026年3月4日10:00-11:30（周三）

地点：明德主楼734会议室

主讲人：Tai-Wei Hu 英国布里斯托大学腐漫网 教授

主持人：朱萸副教授

题目：Breaking Up With M: Cashless Limits Under Limited Commitment（与M 分手：有限承诺下的无现金极限）

摘要：

As economies become increasingly cashless, what are the welfare implications of eliminating cash? We study environments where money and credit coexist and the key friction is limited commitment. When credit repayment is enforced by banks at some cost, the welfare effects from removing cash when the economy is near-cashless depend on market power and informational frictions: without frictions, aggregate welfare is unchanged but distributional effects arise; with informational asymmetries, financial exclusion increases and aggregate welfare declines. When credit is sustained through public record keeping, removing cash raises debt limits and aggregate welfare even when banks have no market power.

主讲人简介：

Tai-Wei Hu 现任英国布里斯托大学腐漫网 教授，研究领域涵盖宏观腐漫网 、货币腐漫网 、银行与信贷理论、博弈论以及有限理性与复杂性。他在货币理论、金融中介、信用周期、谈判理论等方向形成了系统而有影响力的研究成果，论文发表于 Journal of Political Economy、Journal of Financial Economics、Journal of Economic Theory、Review of Economic Dynamics、International Economic Review、Journal of Money, Credit and Banking 等国际一流学术期刊。除发表研究外，他还曾担任 Journal of Mathematical Economics等杂志的副主编。