Money, Payments, and Liquidity - The MIT Press (Hardback)
  • Money, Payments, and Liquidity - The MIT Press (Hardback)
zoom

Money, Payments, and Liquidity - The MIT Press (Hardback)

(author), (author)
£92.95
Hardback 504 Pages / Published: 19/05/2017
  • Out of stock

This product is currently unavailable.

  • This item has been added to your basket
In Money, Payments, and Liquidity, Guillaume Rocheteau and Ed Nosal provide a comprehensive investigation into the economics of money, liquidity, and payments by explicitly modeling the mechanics of trade and its various frictions (including search, private information, and limited commitment). Adopting the last generation of the New Monetarist framework developed by Ricardo Lagos and Randall Wright, among others, Nosal and Rocheteau provide a dynamic general equilibrium framework to examine the frictions in the economy that make money and liquid assets play a useful role in trade. They discuss such topics as cashless economies; the properties of an asset that make it suitable to be used as a medium of exchange; the optimal monetary policy and the cost of inflation; the coexistence of money and credit; and the relationships among liquidity, asset prices, monetary policy; and the different measures of liquidity in over-the-counter markets. The second edition has been revised to reflect recent progress in the New Monetarist approach to payments and liquidity. Rocheteau and Nosal have added three new chapters: on unemployment and payments, on asset price dynamics and bubbles, and on crashes and recoveries in over-the-counter markets. The chapter on the role of money has been entirely rewritten, adopting a mechanism design approach. Other chapters have been revised and updated, with new material on credit economies under limited commitment, open-market operations and liquidity traps, and the limited pledgeability of assets under informational frictions.

Publisher: MIT Press Ltd
ISBN: 9780262035804
Number of pages: 504
Dimensions: 229 x 152 mm
Edition: second edition

You may also be interested in...

Currency Wars
Added to basket
£14.99
Paperback
Modern Financial Markets & Institutions
Added to basket
All About Forex Trading
Added to basket
Economics: A Very Short Introduction
Added to basket
The Rotten Heart of Europe
Added to basket
Globalizing Capital
Added to basket
Monetary Policy
Added to basket
£6.99
Paperback
Monetary Economics
Added to basket
The Cash Nexus
Added to basket
£16.99
Paperback
Symbols of Power
Added to basket
The Theory of Money and Credit
Added to basket
FT Guide to Foreign Exchange Trading
Added to basket
The Money Machine
Added to basket
£10.99
Paperback
Foreign Exchange: The Complete Deal
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.