In this paper, a variant of Kiyotaki and Wright model of emergence of money is investigated. In the model, each good … but one is not durable. With certain condition, non durable good can be money as a medium of exchange. But equilibrium … non durable good as money by reinforcement learning which does use no information of the distribution of goods. It is …

demonstrated that money is a measure of generalized power in exchange and a certification of generalized power in subsequent …

double-coincidence matches. Multiple equilibria exist with the extent of costly matching endogenously determined. Money and …

different mechanisms, extends existing work on the microfoundations of money by allowing a general matching technology and …

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 addresses the concern that why is ‘money' treated as a unique asset in the finance literature. The paper … presence of money alters individual behaviors in a variety of ways and in a variety of contexts. Analyzing such theories on … money can enrich our understanding of Islamic finance principles. Existing theory on Islamic finance mostly aims to provide …

allows limited record-keeping and enforcement. An equilibrium with money and credit is shown to exist if the cost of using …

The concept of money is regarded as difficult and complex. Today, lawyers leave the discussion of money to economists …. Economists see money as a creation of the law and quietly presuppose its existence, so much so that money has disappeared as a …-tier system of money creation and the money multiplication within the fractional reserve banking system, that money is an unusual …

The purpose of this article is to show that money is not an entity but hic et nunc a genuine mode of circulation … associated with a genuine social organisation. Criticising money hypostasis may help to to: (i) elucidate the ambivalence of … nothing but imperfect forms of our modern money and show that exotic societies are worth studying for themselves; and (iii …