This paper re-examines the causal relationship between money and prices in Pakistan using recent data on money and … money to prices. Further, it seems that the monetary expansion has a greater impact on wholesale sale prices compared to CPI. …

A game theoretic approach to the theory of money and financial institution is given utilizing both the strategic and … used to calculate several cooperative forms that differ from each other in their utilization of money and credit and their … the extreme structures the concept of "enough money" can be defined usefully, and for large economies the games obtained …

Fiat money(1) is a creation of both the state and society. Its value is supported by expectations which are conditioned … weather. However, money and the financial institutions and instruments of a modern economy provide the means to influence … expectations and bound behavior.(2) Paper money emerges as a virtual commodity. The dynamics of the economy permits it to serve as …

We consider a two-period model with missing assets and missing market links, in which money plays a central role and is … inside money, then monetary equilibrium (ME) exists and money has positive value. The nonexistence of GEI (of the underlying …

We re-connect money to inflation 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 …

This paper advances a highly tractable model with search theoretic foundations for money and neoclassical growth. In … bilateral trading, in ation depresses capital and output and has a negligible effecton welfare. (Keywords: search, money …, commerce, in ation, neoclassical production, capital accumulation, optimum quantity of money.) …

from this stage of the analysis is that the quarterly growth rate of money is identified as the transition variable, the … money and output. A smooth transition VECM (STVECM) is then used to examine whether money nonlinearly Granger causes output … in the sense that lagged values of money enter the model's output equation as regressors. We evaluate this type of …

attached to money by Europeans and those of the indigenous people. …

The introduction of banks that issue money and supply balances and pay outtheir profits as dividends is the natural … supply of balances and rates of interest adjust for money marketsto clear. …