Is money going to be replaced by an information processor similar/ to the Walrasian auctioneer? At the heart of the question there is the role of money in transactions. Niehans (1971) stated that money emerges as the good with the lowest transaction cost out of a barter economy and its...

Is money going to be replaced by an information processor simila/ to the Walrasian auctioneer? At the heart of the question theae is the role of money in transactions. Niehans (1971) stated that money emerges as the good with the lowest transaction cost out of a barter economy and its appearance...

Tra i problemi che accompagnano i mercati finanziari in presenza di cospicui debiti da collocare va incluso in primis quello che concerne la risposta dei portafogli delle famiglie e delle imprese a variazioni dei prezzi relativi delle attività finanziarie.