Ostroy, Joseph M.; Starr, Ross M. - In: Handbook of monetary economics : volume 1, (pp. 3-62). 1990
The transaction role of money is one of the most palpable of economic phenomena and offers one of the first challenges for the theory of exchange. A useful analogy can be made between the role of money as a record-keeping device and the theory of signaling. The chapter discusses that the theory...
