We model entrepreneurial finance using a combination of fiat money, traditional bank loans, and home equity loans. The …

money holdings. Properties of equilibria are obtained analytically and equilibria are solved in closed form in a variety of … cases. Lump-sum transfers financed with money creation are welfare-enhancing when labor productivity is low whereas … preferences and the velocity of money under heterogeneous preference shocks. …

role of money and its functions in real economies by showing the limitations and inefficiencies of the traditional barter … money needs to possess in order to function as an efficient medium of exchange, unit of account, and store of value. …

This paper examines the competition between money and credit in a search model with divisible commodities. It is shown … that flat money can be valuable even though it yields a lower rate of return than the coexisting credit. The competition … between money and credit increases efficiency. The monetary equilibrium with credit Pareto dominates the monetary equilibrium …

We re-connect money to in.ation using Goodfriend and McCallum's (2007) model where banks supply loans to cash … shocks to monitoring and collateral dominate those to goods productivity and the velocity of money demand, money and the … tends to be inflationary. Thus money and financial spreads are negatively correlated when banking sector shocks dominate. We …

The paper depicts the history of using money in Montenegro covering the period before the Christ until nowadays …, and even the Napoleon (French gold coin) money. The first ideas for Montenegro’s own money came from the Bishop Petar … Petrovic Njegoš in the 19th century. The first Montenegrin money, the Perper, was minted in 1906. The King Nikola's Decree as …

This paper deals with the influence of money on the quality of life, in the light of the major importance it has on all … aspects of our lives. Bearing in mind that money is an everyday, inseperable and unavoidable companion, with all its … quality of life. The relation between money and quality of life, therefore, can be viewed not only theoretically, but also at …