This five-chapter introduction into international money and foreign exchange markets covers all the basics, theoretical …, institutional, as well as empirical. After a brief review of the money market, we discuss the size and structure of the foreign … with an overview of the main international money organizations and the institutional framework of the past 150 years. …

individuals use money to make transactions, and hence microfoundations for the cash in advance constraint. We analyze the … specialized merchant, the carrier, appears and causes frictions among traders leading to the appearance of money. There are … chosen to act as money, and the level of economic development. …

This paper studies the existence of single-price price equilibrium from a given initial distribution of money holdings … in a search-theoretic model of money where agents have no time preference. The model is similar to the authors' recent … models of search economies with no constraints on money inventories, except that here money is modeled as indivisible and …

Extensive theoretical analysis of electronic money and electronic money systems based on quantum theoretical approach …. Fundamental critique to traditional approach to electronic money. …

The Fisher-Seater methodology is used to investigate long run money neutrality in Mexico from 1932-2001. Long run … followed sharp upward movements in the money and inflation series. This finding of non- neutrality in Mexico arising from …

money growth might be an important determinant of cyclical developments in real GDP beyond effects already captured by short … properties are also maintained when looking at a broader set of non-monetary indicator variables. Narrow money therefore seems …. As a result, once the information from narrow money is taken into account, what matters more for the forecast performance …

This paper studies the gain from using money as an indicator when monetary policy in made under data uncertainty. We … state of the economy. Money reveals some of the private sector’s information to the policymaker, especially if there is a … forward looking element in money demand. We show that observing money can considerably reduce the loss that is due to …