Williamson, Stephen; Wright, Randall - In: Handbook of Monetary Economics
The purpose of this paper is to discuss some of the models used in New Monetarist Economics, which is our label for a … body of recent work on money, banking, payments systems, asset markets, and related topics. A key principle in New … in new ways, and show how it can be used to generate new insights in the study of payments, banking, and asset markets. …