Money, payments, and liquidity / Ed Nosal and Guillaume Rocheteau.

Two experts in monetary policy offer a unified framework for studying the role of money and liquid assets in the economy.

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Bibliographic Details
Main Author: Nosal, Ed
Other Authors: Rocheteau, Guillaume
Format: eBook
Language:English
Published: Cambridge, Mass. ; London : MIT Press, 2011.
Subjects:
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Table of Contents:
  • 1. The basic environment
  • 2. Pure credit economies
  • 3. The role of money
  • 4. Money in equilibrium
  • 5. Properties of money
  • 6. The optimum quantity of money
  • 7. Information, monetary policy, and the inflation-output trade-off
  • 8. Money and credit
  • 9. Money, negotiable debt, and settlement
  • 10. Competing media of exchange
  • 11. Liquidity, monetary policy, and asset prices
  • 12. Liquidity and trading frictions.