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Recent work has reduced the gap between search-based monetary theory and mainstream macroeconomics byincorporating into the search model some centralized markets as well as some decentralized markets ...
Bargaining and the Value of Money     Money  Bargaining  Search  Inflation       2015/9/18
Search models of monetary exchange have typically relied on Nash (1950) bargaining, orstrategic games that yield an equivalent outcome, to determine the terms of trade. By considering alternative axio...
We study optimal fiscal and monetary policy in an environment where explicit frictions giverise to valued money, making money essential in the sense that it expands the set of feasible trades. The two...
Monetary models that specify explicit frictions to generate money demand have beendeveloped over the last 20 years and have been used to address many questions. Inthis paper we investigate the short-r...
The e§ects of money (anticipated ináation) on capital formation is a classic issue in macroeco-nomics. Previous papers adopt reduced-form approaches, putting money in the utility function,or imposing ...
Much attention has been devoted in the literature to the transactions demand for money and the asset demand for money. The precautionary motive for holding cash balances, however, is seldom analyz...
A Black Swan in the Money Market     Black Swan  Money Market       2015/8/3
The Stanford Institute for Economic Policy Research at Stanford University supports research bearing on economic and public policy issues. The SIEPR Discussion Paper Series reports on research and po...
武汉理工大学货币银行学英文课件Chapter2 Money
U.S. money market mutual funds (MMFs) are an important source of dollar funding for global financial institutions, particularly those headquartered outside the U.S. MMFs proved to be a source of consi...
Arabs wage war on MONEY LAUNDERING          2011/10/5
The article reports on the efforts of Arab government to adopt strict new standards to prevent the misuse of banks in the Middle East by terror organizations and financial manipulators. According to t...
We investigate a fiat money system introduced by the Bank of Amsterdam in 1683. Using data from the Amsterdam Municipal Archives, we partially reconstruct changes in the bank's balance sheet from 1666...
Recent central bank experience with inflation targeting is used to restate Hayek's reform proposal as a performance contract. This requires banks to first state an explicit inflation target and then p...

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