Money, Payments, and Liquidity 2e
Language: English
Published by Mit Pr, 2017
- Softcover
- New

Seller: Revaluation Books, Exeter, United KingdomRevaluation Books
AbeBooks seller since January 6, 2003
Condition: New
£ 70.17
Quantity: 2 available
Add to basketItem description from seller
2nd reprint edition. 496 pages. 9.25x6.25x1.00 inches. In Stock.
Seller Inventory # x-0262533278
- Title
- Money, Payments, and Liquidity 2e
- Author
- Rocheteau, Guillaume/ Nosal, Ed
- Publisher
- Mit Pr
- Publication year
- 2017
- Condition
- Brand New
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0262533278
- ISBN 13
- 9780262533270
- Edition
- 2nd Edition
- Item weight
- 0.68 kilograms
A new edition of a book presenting a unified framework for studying the role of money and liquid assets in the economy, revised and updated.
In Money, Payments, and Liquidity, Guillaume Rocheteau and Ed Nosal provide a comprehensive investigation into the economics of money, liquidity, and payments by explicitly modeling the mechanics of trade and its various frictions (including search, private information, and limited commitment). Adopting the last generation of the New Monetarist framework developed by Ricardo Lagos and Randall Wright, among others, Nosal and Rocheteau provide a dynamic general equilibrium framework to examine the frictions in the economy that make money and liquid assets play a useful role in trade. They discuss such topics as cashless economies; the properties of an asset that make it suitable to be used as a medium of exchange; the optimal monetary policy and the cost of inflation; the coexistence of money and credit; and the relationships among liquidity, asset prices, monetary policy; and the different measures of liquidity in over-the-counter markets.
The second edition has been revised to reflect recent progress in the New Monetarist approach to payments and liquidity. Rocheteau and Nosal have added three new chapters: on unemployment and payments, on asset price dynamics and bubbles, and on crashes and recoveries in over-the-counter markets. The chapter on the role of money has been entirely rewritten, adopting a mechanism design approach. Other chapters have been revised and updated, with new material on credit economies under limited commitment, open-market operations and liquidity traps, and the limited pledgeability of assets under informational frictions.
"Synopsis" may belong to another edition of this title.
About the Author
Ed Nosal is Vice President and Senior Research Advisor at the Federal Reserve Bank of Chicago.
"About the title" may belong to another edition of this title.
Revaluation Books
Exeter, United Kingdom
AbeBooks seller since January 6, 2003
Shipping rates from United Kingdom to U.S.A.
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Edward Bowditch Ltd
Exstowe, Exton
Exeter, United Kingdom EX3 0PP
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Business correspondence address: Exstowe, Exton, Exeter, EX3 0PP
Company registration number: 04916632
VAT registration: GB834241546
Authorised representative: Mr. E. Bowditch
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