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Recent Developments on Money and Finance
Exploring Links between Market Frictions, Financial Systems and Monetary Allocations, Studies in Economic Theory 24
ISBN/EAN: 9783642066177
Umbreit-Nr.: 1556364
Sprache:
Englisch
Umfang: vi, 273 S.
Format in cm:
Einband:
kartoniertes Buch
Erschienen am 12.02.2010
Auflage: 1/2006
- Zusatztext
- domestic in?ation and output can be exploited under credit rationing but only if in?ation is small. In fact, there exists an in?ation threshold beyond which domestic output suffers.
- Kurztext
- Includes supplementary material: sn.pub/extras
- Autorenportrait
- InhaltsangabeRecent developments on money and finance: an introduction.- Deposit Insurance and Bank Regulation in a Monetary Economy: A General Equilibrium Exposition.- A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright.- Domestic financial market frictions, unrestricted international capital flows, and crises in small open economies.- Inflation, Growth and Exchange Rate Regimes in Small Open Economies.- Aggregate Risk Sharing and Equivalent Financial Mechanisms in an Endowment Economy of Incomplete Participation.- Asset pricing implications of efficient risk sharing in an endowment economy.- Distributional aspects of the divisibility of money. An example.- The distribution of money and prices in an equilibrium with lotteries.- Money, price dispersion and welfare.- A simple search model of money with heterogeneous agents and partial acceptability.- Decentralized credit and monetary exchange without public record keeping.- Limited participation, private money, and credit in a spatial model of money.