An evolutionary model of the bank size distribution is presented based on the exchange and expansion of deposit money … theory is to regard the creation of money as a slow process compared to exchange processes of deposit money. The exchange of …

on the idea that the size distribution is the result of the competition between banks for permanent deposit money. The …An evolutionary model of the bank size distribution is presented based on the exchange and creation of deposit money …

Several schools of thought contribute to this heterodox view of money, including neo-Marxian, Schumpeterian …, institutional and post-Keynesian political economy. Neo-Marxian contributions centre on the circuit of money capital, fictitious … credit-money in financing innovation or variously being used for general accumulation or speculation. Institutional themes …

monetary policy.Chapter 1 studies the choice of endogenous means of payment when holding money is risky. In steady state … interest rate. Credit may be used when the return on money is not positive. A positive money injection reduces the crime rate … households exchange money for interest-bearing government nominal bonds in the asset market. The government injects money through …

costs, alternative resource uses specify the broadest form of competition that products face: each resource use competes for … implications for consumers' sensitivities to the structure of the decision environment, understanding the nature of competition and …