Recent Developments on Money and Finance (eBook, PDF)

Exploring Links between Market Frictions, Financial Systems and Monetary Allocations
Redaktion: Camera, Gabriele

• Format: PDF

Produktbeschreibung

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.

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Produktdetails

• Verlag: Springer Berlin Heidelberg
• Seitenzahl: 273
• Erscheinungstermin: 9. Januar 2006
• Englisch
• ISBN-13: 9783540295006
• Artikelnr.: 37366289

Inhaltsangabe

Recent 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.