averse banks. The effects of changes in bank net worth and bank's risk perceptions are also analyzed. In deep recessions …

the size of the economy, (2) the association between an increase in economic output and an increase in bank development …

The paper uses bank- and instrument-level data on asset holdings and liabilities to identify and estimate a general … equilibrium model of trade in financial instruments. Bilateral ties are formed as each bank selects the size and the … lead to less amplification of partial equilibrium shocks, (ii) the influence of a bank's equity is independent of the size …

impact on monetary economics of Laidler's work on the demand for money and the quantity theory of money; the transmission …

monetary economics to be the study of the causes and economic consequences of the monetization of exchange -- that is, of the … use of media of exchange. These definitions lead me to specify the distinctive objectives of monetary economics to be to … objectives of monetary economics and offer some critical thoughts on selected unsettled issues in monetary economics that my …

This paper examines the influence of Irving Fisher's writings on Milton Friedman's work in monetary economics. We focus … building blocks for later students of monetary economics. Thus, the Chicago School of the 1930s absorbed Fisher's approach, and …