Showing 1 - 10 of 943
Persistent link: https://www.econbiz.de/10011313268
Persistent link: https://www.econbiz.de/10010483712
demonstrated that money is a measure of generalized power in exchange and a certification of generalized power in subsequent …
Persistent link: https://www.econbiz.de/10012800890
Persistent link: https://www.econbiz.de/10011573060
Persistent link: https://www.econbiz.de/10011859308
Persistent link: https://www.econbiz.de/10012163491
Persistent link: https://www.econbiz.de/10012314231
Persistent link: https://www.econbiz.de/10014577454
Persistent link: https://www.econbiz.de/10014427354
In monetary models in which agents are subject to trading shocks there is typically an ex-post inefficiency in that some agents are holding idle balances while others are cash constrained. This inefficiency creates a role for financial intermediaries, such as banks, who accept nominal deposits...
Persistent link: https://www.econbiz.de/10010277060