In this paper, we test two models of the Eurozone, with a special emphasis on the role of money and monetary policy … during crises. The role of separability between money and consumption is investigated further and we analyse the Euro area … economy during three different crises: 1992, 2001 and 2007. We …find that money has a rather signi…ficant role to play in …

This paper studies a simple stochastic two-period general equilibrium exchange model with money, an incomplete market … implicit in the model, public debt and creation of money both implemented at the first period. The equilibrium existence is … established under a Gains to trade hypothesis and the assumption that banks have a non zero endowment of money at each date …

-in-advance constraints. The total amount of money is supplied by an authority, which produces at no cost and lends money to agents at short …

We define continuous-time dynamics for exchange economies with fiat money. Traders have locally rational expectations … game involving a double-auction with limit-price orders. Money has a positive value except on optimal rest-points where it … nominal variables. Money is not neutral, either in the short-run or long-run, and a localized version of the quantity theory …

In this paper, we provide an institutional interpretation of Schumpeter's analysis of money, banking and finance. This … illustrates this general statement by focusing on Schumpeter's analysis of money, banking and finance, and their respective roles …

This article examines which are the potential ways to settle transactions by going off the official public e-money. By … electronic payments on the banking system. Studying such an impact allows us to spotlight the money creation function held by …

reject the classical notions of the neutrality of money and the dichotomy of the real and the monetary sector, emphasising …

works. Nonetheless, they differ on both the understanding of money as a measure of values, and on the conditions that allow … the emergence of money from a stock of metals which could be, like natural wealth, allocated to different uses. Therefore …, they illustrate respectively a “conventional” and a “metalist” theory of money. The question raised by Buridan's and Oresme …

the common inheritance ofthese two authors, which can be traced back to Wicksell, going from Mises whose Theory of Money …