allows limited record-keeping and enforcement. An equilibrium with money and credit is shown to exist if the cost of using … random monetary trade or deterministic credit trade. To accomplish the latter, agents can exploit a costly technology that …

velocity of money. I extend and estimate a standard cash and credit monetary model by adding idiosyncratic preference shocks to …This paper studies the joint business cycle dynamics of inflation, money growth, nominal and real interest rates and the …

-free asset over time. The four models specify this single asset to be private bonds, public bonds, public money, or private money … refers to the limits on private issue of money or bonds, or the supplies of publicly issued bonds or money.) …

The quantum money (q-money) as a possible convenient, socially innovative, technologically attractive and user … a number of topics: 1. The historical evolution of the money in the financial systems within the economies of the scales … and scopes over the centuries. 2. The definition on the electronic money in the financial systems within the economies of …

This paper analyzes relationships among money, barter, and inflation in Russia during the transition period. Following … Russian barter resulted partly from output losses, and, to a lesser extent, from the reduction in real money balances. We also …

The properties of money commonly referenced in the economics literature were originally identified by Jevons (1876) and … Menger (1892) in the late 1800s and were intended to describe physical currencies, such as commodity money, metallic coins … quantum money. These forms of money have novel properties that have not been studied extensively within the economics …

the law. Democratizing money will therefore ensure equal opportunity to the ownership of property, and thus full … capital via the creation of money. If the divergence between capital and labor-between rich and poor-is explained by the … monopoly access of capitalists to finance, then reducing this divergence is crucially dependent on the democratization of money …