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Discussion of "Banking in a matching model of money and capital"

Keister, Todd - In: Journal of money, credit and banking : JMCB 43 (2011) 7, pp. 477-485

Persistent link: https://www.econbiz.de/10009349274

Banking in a matching model of money and capital

Bencivenga, Valerie R.; Camera, Gabriele - In: Journal of money, credit and banking : JMCB 43 (2011) 7, pp. 449-476

Persistent link: https://www.econbiz.de/10009349276

Uncertainty, inflation, and welfare

Chiu, Jonathan (contributor); Molico, Miguel (contributor) - 2008

liquidity risk, in a micro-founded search-theoretical monetary model. We calibrate the model to match the empirical aggregate …

Persistent link: https://www.econbiz.de/10003711687

Asset liquidity in monetary theory and finance : a unified approach

Geromichalos, Athanasios; Jung, Kuk Mo; Lee, Seungduck; … - 2019

assets are likely to serve as media of exchange or collateral (a definition of liquidity often employed in monetary theory …), or that they can be easily sold in a secondary market, if needed (a definition of liquidity closer to the one adopted in … finance)? We develop a model where these two notions of asset liquidity coexist, and their relative importance is determined …

Persistent link: https://www.econbiz.de/10012101372

An overlapping generations model for monetary policy analysis

Huber, Samuel; Kim, Jaehong - 2017

We integrate an overlapping generations model into a new monetarist framework and show that the Friedman rule is not optimal. This is because inflation makes saving for retirement less attractive, such that young agents optimally choose to increase their consumption at the expense of lower...

Persistent link: https://www.econbiz.de/10011790429

Money and costly credit

Dong, Mei - 2011

I study an economy in which money and credit coexist as means of payment and the settlement of credit requires money. The model extends recent developments in microfounded monetary theory to address the choice of payment methods and the effects of inflation. Whether a buyer uses money or credit...

Persistent link: https://www.econbiz.de/10008841789

Is Quantity Theory Still Alive?

Teles, Pedro - 2013

This paper investigates whether the quantity theory of money is still alive. We demonstrate three insights. First, for countries with low inflation, the raw relationship between average inflation and the growth rate of money is tenuous at best. Second, the fit markedly improves, when correcting...

Persistent link: https://www.econbiz.de/10013073658

New Monetary Solutions in Commemorative Coinage

Matic, Branko - 2008

The author researches a singular monetary situation connected with the common issue of commemorative coin age by two states: Ireland, an EU member state that belongs to the Euro-system, and Croatia, an EU membership candidate. Although they belong to two different monetary systems, the two...

Persistent link: https://www.econbiz.de/10012772128

Quantum Money

Ledenyov, Dimitri - 2015

The quantum money (q-money) as a possible convenient, socially innovative, technologically attractive and user/issuer friendly value storing/not storing unit, mean of payment and exchange medium in the advanced financial systems of the developed states is a subject of our scientific interest in...

Persistent link: https://www.econbiz.de/10013011623

The Distribution of Excess Liquidity in the Euro Area

Baldo, Luca - 2017

Since 2008, excess liquidity – defined as the sum of holdings of central bank reserves in excess of reserve … liquidity that resulted also determined TARGET2 balances.At the individual bank level, when controlling for banks' capital, non … requirements and holdings of equivalent central bank deposits – has tended to accumulate in specific euro area countries and in a …

Persistent link: https://www.econbiz.de/10012943463

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