The quantity theory of money is a theory that the quantity of money matters in income creation. Curiously, this theory …) and monetarism have evolved from the latter standpoint as portfolio adjustment theories. Moreover, though in general not …

rebalancing effects, which are not well understood at a conceptual level. Without better theory, assessing their empirical … relevance might also prove elusive. This paper reviews what theory has to say about the role of sovereign debt management as a …