Globalization as a political project rests on claims that liberalization and economic interdependence are conducive to … peace and prosperity. Yet more 'globalization' seems to mean less economic growth and more inequalities. I portray first the …

money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find … that while money can exist in sequence economies with frictions, models of this type give no justification for its creation …

non trivial investment decisions Allowing for two goods Introducing money Introducing price setting Introducing staggering …

for non trivial investment decisions; Allowing for two goods; Introducing money; Introducing price setting; Introducing …

monetary policy.Chapter 1 studies the choice of endogenous means of payment when holding money is risky. In steady state … interest rate. Credit may be used when the return on money is not positive. A positive money injection reduces the crime rate … households exchange money for interest-bearing government nominal bonds in the asset market. The government injects money through …

essential tool to stimulate growth and enable firms to master the competition brought about by the forces of globalization. In … reforms and far-reaching technological advancements have brought to fore new economic powerhouses, such as China and India … specific needs of targeted markets. All these developments are leading to the “globalization of innovation”. Based on recent …