, there is a renewed interest in the long-running debate about whether or not changes in the stock of money have direct … effects. In particular, do changes in money have additional effects on aggregate demand outside of those induced by changes in … structural model with no direct effects of money to show that the finding of positive and statistically significant coefficients …

This five-chapter introduction into international money and foreign exchange markets covers all the basics, theoretical …, institutional, as well as empirical. After a brief review of the money market, we discuss the size and structure of the foreign … with an overview of the main international money organizations and the institutional framework of the past 150 years. …

policy maker; or when more than one union interacts with monopolistic competitors in the goods market and a policymaker. We …

individuals use money to make transactions, and hence microfoundations for the cash in advance constraint. We analyze the … emergence of a monetary economy out of a redistribution barter system where goods are sent to a central market and then … specialized merchant, the carrier, appears and causes frictions among traders leading to the appearance of money. There are …

This paper studies the existence of single-price price equilibrium from a given initial distribution of money holdings … in a search-theoretic model of money where agents have no time preference. The model is similar to the authors' recent … models of search economies with no constraints on money inventories, except that here money is modeled as indivisible and …

policy maker; or when more than one union interacts with monopolistic competitors in the goods market and a policymaker. We …

Extensive theoretical analysis of electronic money and electronic money systems based on quantum theoretical approach …. Fundamental critique to traditional approach to electronic money. …

The Fisher-Seater methodology is used to investigate long run money neutrality in Mexico from 1932-2001. Long run … followed sharp upward movements in the money and inflation series. This finding of non- neutrality in Mexico arising from …

money growth might be an important determinant of cyclical developments in real GDP beyond effects already captured by short … properties are also maintained when looking at a broader set of non-monetary indicator variables. Narrow money therefore seems …. As a result, once the information from narrow money is taken into account, what matters more for the forecast performance …