money and financial institutions. The phrase "money and financial institutions" is used to stress that a theory of money … money measures provide a crude but serviceable basis for the accounting system which in turn, along with the codification of … provided a means for control. Money and financial institutions provide the command and control system of a modern society. The …

A game theoretic approach to the theory of money and financial institution is given utilizing both the strategic and … used to calculate several cooperative forms that differ from each other in their utilization of money and credit and their … the extreme structures the concept of "enough money" can be defined usefully, and for large economies the games obtained …

Fiat money(1) is a creation of both the state and society. Its value is supported by expectations which are conditioned … weather. However, money and the financial institutions and instruments of a modern economy provide the means to influence … expectations and bound behavior.(2) Paper money emerges as a virtual commodity. The dynamics of the economy permits it to serve as …

We consider a two-period model with missing assets and missing market links, in which money plays a central role and is … inside money, then monetary equilibrium (ME) exists and money has positive value. The nonexistence of GEI (of the underlying …

market clearing (i.e., perfect competition with flexible prices) throughout. But because of the important role money plays …

valuation of money, and a golden rule equilibrium in which the rate of interest is equal to population growth (independent of …

bureaucracy and enforcement of the legal system endogenously. In particular we consider money systems as constructs to make agents … strategic market games representing government-issued fiat money and ideal commodity money as two cases. We endogenize the … provision of money and rules for its use as productive activities within the society, and consider the problem of transition …

If an exchange economy is modeled as a strategic market game with one commodity serving as a money, then if there is no … is enough money to facilitate trade. The meaning of "enough money" is that the NEs are interior. In other words the …. The condition on enough money is characterized both by the total amount of money in the system and its distribution. It is …