001385831 000__ 03448cam\a2200505Ki\4500 001385831 001__ 1385831 001385831 003__ MaCbMITP 001385831 005__ 20240325105011.0 001385831 006__ m\\\\\o\\d\\\\\\\\ 001385831 007__ cr\cn\nnnunnun 001385831 008__ 181113s2017\\\\mau\\\\\o\\\\\000\0\eng\d 001385831 020__ $$a9780262338479$$q(electronic bk.) 001385831 020__ $$a0262338475$$q(electronic bk.) 001385831 020__ $$z9780262035804 001385831 035__ $$a(OCoLC)1062618553 001385831 035__ $$a(OCoLC-P)1062618553 001385831 040__ $$aOCoLC-P$$beng$$erda$$epn$$cOCoLC-P 001385831 050_4 $$aHG178$$b.N68 2017eb 001385831 072_7 $$aBUS$$x045000$$2bisacsh 001385831 072_7 $$aBUS$$x027000$$2bisacsh 001385831 08204 $$a339.5/3$$223 001385831 1001_ $$aRocheteau, Guillaume,$$eauthor. 001385831 24510 $$aMoney, payments, and liquidity /$$cGuillaume Rocheteau and Ed Nosal. 001385831 250__ $$aSecond edition 001385831 264_1 $$aCambridge :$$bThe MIT Press,$$c2017. 001385831 300__ $$a1 online resource (504 pages) 001385831 336__ $$atext$$btxt$$2rdacontent 001385831 337__ $$acomputer$$bc$$2rdamedia 001385831 338__ $$aonline resource$$bcr$$2rdacarrier 001385831 506__ $$aAccess limited to authorized users. 001385831 520__ $$aA 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. 001385831 588__ $$aOCLC-licensed vendor bibliographic record. 001385831 650_0 $$aLiquidity (Economics) 001385831 650_0 $$aMonetary policy. 001385831 650_0 $$aMoney. 001385831 653__ $$aECONOMICS/Macroeconomics 001385831 653__ $$aECONOMICS/Finance 001385831 655_0 $$aElectronic books 001385831 7001_ $$aNosal, Ed,$$eauthor. 001385831 852__ $$bebk 001385831 85640 $$3MIT Press$$uhttps://univsouthin.idm.oclc.org/login?url=https://doi.org/10.7551/mitpress/10518.001.0001?locatt=mode:legacy$$zOnline Access through The MIT Press Direct 001385831 85642 $$3OCLC metadata license agreement$$uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf 001385831 909CO $$ooai:library.usi.edu:1385831$$pGLOBAL_SET 001385831 980__ $$aBIB 001385831 980__ $$aEBOOK 001385831 982__ $$aEbook 001385831 983__ $$aOnline