Kahn, Charles M. (contributor); Roberds, William (contributor) - 2005
, economic theory has contributed little to the policy debate. This
problem is a natural application for the branch of monetary … theory which
focuses on payment and credit. But this literature has generally emphasized
the desirable aspects of the …, that monetary theory has noth-
ing to say on this issue: as evidence to the contrary, we develop a model of
money and …