Toledo, Wilfredo - In: Revista de Economía Institucional 8 (2006) July-December, pp. 97-116
An important challenge in monetary economics is the development of an endogenous theory of money, which introduces … money in a natural way and not as an external imposition. This paper reviews different approaches that have been used in … monetary economic literature, and argues that overlapping generation models and search models are the best choices. …