In Money, Payments, and Liquidity, Ed Nosal and Guillaume Rocheteau provide a comprehensive investigation into the … economics of money and payments by explicitly modeling trading frictions between agents. Adopting the search-theoretic approach … the frictions in the economy that make money and liquid assets play a useful role in trade. They discuss the implications …

money to international monetary relationships. It is unique in linking theoretical findings to policy issues and events, and … extends conventional analyses of financial intermediation and monetary theory. Money, Information, and Uncertainty bridges the … relating to money and banking, making it easier for banking specialists who don't follow the financial literature to understand …