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

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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

Stodder, James P., Reciprocal Exchange Networks: Implications for Macroeconomic Stability. Available at SSRN: https://ssrn.com/abstract=224418

James P. Stodder (Contact Author)

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

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