The dissertation analyzes several important applications of the search-theoretic approach to monetary economics and intermediation theory. After presenting in the first chapter (joint with Peter Rupert, Martin Schindler and Randall Wright) a simple version of the basic monetary models used in...

Weak enforcement of international contracts can substantially reduce international trade. We develop a model where agents build reputations to overcome the difficulties that this institutional failure causes in a context of incomplete information. The model describes the interplay between...