Money, payments, and liquidity [
In Money, Payments, and Liquidity, Ed Nosal and Guillaume Rocheteau provide a comprehensive investigation into the economics of money and payments by explicitly modeling trading frictions between agents. Adopting the search-theoretic approach pioneered by Nobuhiro Kiyotaki and Randall Wright, Nosal...
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| Format: | Book |
| Language: | English |
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Cambridge, Massachusetts :
MIT Press ,
c2011
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| Subjects: |
Table of Contents:
- 1. The basic environment
- 2. Pure credit economies
- 3.The role of money
- 4. Money in equilibrium
- 5. Properties of money
- 6. The optimum quantity of money
- 7. Information, monetary policy, and the inflation-output trade-off
- 8. Money and credit
- 9. Money, negotiable debt, and settlement
- 10. Competing media of exchange
- 11. Liquidity, monetary policy,and asset prices
- 12. Liquidity and trading frictions