The Theory of Money and Financial Institutions

by Martin Shubik

• ISBN13: 9780262693110
• ISBN10: 0262693119
• Format: Paperback
• Copyright: 2004-03-01
• 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	p. ix
Context
Introduction and Background	p. 3
The Basic Financial Instruments of an Economy	p. 31
Micro and Macro	p. 63
General Equilibrium and Beyond	p. 89
Exchange and Money
The Distribution of Resources, Trade, and Markets	p. 107
Trade Using a Commodity Money	p. 147
Market Mechanisms with Simple Markets	p. 185
Auctions, Markets, and Trade Fairs	p. 213
Trade with Gold, Credit, and Inside Money	p. 233
Trade with Gold and Fractional Reserves	p. 259
One-Period Trade with Fiat Money	p. 281
Money, Credit, and Bankruptcy	p. 321
Money as a Numeraire, Means of Payment, Store of Value, and Substitute for Individual Trust	p. 365
Trade and Paper	p. 383
Liquidity and the Velocity of Money	p. 399
References	p. 429
Name Index	p. 441
Subject Index	p. 445
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