Read Online Money, Payments, and Liquidity (The MIT Press) pdf epub


Business and Money ebooks
Series: The MIT Press
Hardcover: 384 pages
Publisher: The MIT Press (October 28, 2011)
Language: English
ISBN-10: 9780262016285
ISBN-13: 978-0262016285
ASIN: 0262016281
Product Dimensions: 6 x 0.9 x 9 inches
Amazon Rank: 2066332
Format: PDF Text djvu book

Two experts in monetary policy offer a unified framework for studying the role of money and liquid assets in the economy.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 R...

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Money, Payments, And Liquidity (The Mit Press) reviews:

Nearly all economies require a need for media of exchange (i.e. fiat currency), though few monetary models are precise about the frictions that give rise to this. Nosal and Rocheteau offer a clear and...

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