The Theory of Money and Financial Institutions

by Martin Shubik

• ISBN13: 9780262194273
• ISBN10: 0262194279
• Format: Hardcover
• Copyright: 2000-01-01
• Publisher: Mit Pr

Summary

This second volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores the new economic features that arise when we consider multi-period finite and infinite horizon economies.

Table of Contents

Preface	ix
I CONTEXT	1	(104)
Introduction and Background	3	(28)
The Basic Financial Instruments of an Economy	31	(32)
Micro and Macro	63	(26)
General Equilibrium and Beyond	89	(16)
II EXCHANGE AND MONEY	105	(324)
The Distribution of Resources, Trade, and Markets	107	(40)
Trade Using a Commodity Money	147	(38)
Market Mechanisms with Simple Markets	185	(28)
Auctions, Markets, and Trade Fairs	213	(20)
Trade with Gold, Credit, and Inside Money	233	(26)
Trade with Gold and Fractional Reserves	259	(22)
One-Period Trade with Fiat Money	281	(40)
Money, Credit, and Bankruptcy	321	(44)
Money as a Numeraire, Means of Payment, Store of Value, and Substitute for Individual Trust	365	(18)
Trade and Paper	383	(16)
Liquidity and the Velocity of Money	399	(30)
References	429	(12)
Name Index	441	(4)
Subject Index	445