Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10003883739
Persistent link: https://www.econbiz.de/10009526849
Persistent link: https://www.econbiz.de/10002957627
Persistent link: https://www.econbiz.de/10001215936
The paper presents a model of a monetary economy where there are differences in liquidity across assets. Money circulates because it is more liquid than other assets, not because it has any special function. There is a spectrum of returns on assets, reflecting their differences in liquidity. The...
Persistent link: https://www.econbiz.de/10013108309
Persistent link: https://www.econbiz.de/10011649217
Persistent link: https://www.econbiz.de/10012156749
The paper presents a model of a monetary economy where there are differences in liquidity across assets. Money circulates because it is more liquid than other assets, not because it has any special function. There is a spectrum of returns on assets, reflecting their differences in liquidity. The...
Persistent link: https://www.econbiz.de/10012460725