Showing 1 - 10 of 1,427
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
Persistent link: https://www.econbiz.de/10003961087
Persistent link: https://www.econbiz.de/10012156749
Persistent link: https://www.econbiz.de/10009526849
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/10000334526
Persistent link: https://www.econbiz.de/10000608739
Persistent link: https://www.econbiz.de/10001353848
Persistent link: https://www.econbiz.de/10011915805
Persistent link: https://www.econbiz.de/10001636970