The Theory of Money and Financial Institutions

The Theory of Money and Financial Institutions
Title The Theory of Money and Financial Institutions PDF eBook
Author Martin Shubik
Publisher MIT Press
Pages 472
Release 1999
Genre Business & Economics
ISBN 9780262693110

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This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.

The Theory of Monetary Institutions

The Theory of Monetary Institutions
Title The Theory of Monetary Institutions PDF eBook
Author Lawrence White
Publisher Wiley-Blackwell
Pages 288
Release 1999-06-18
Genre Business & Economics
ISBN 9780631212140

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The Theory of Monetary Institutions covers free banking monetary thought and a theoretical account of the evolution of monetary institutions.

Money, Financial Institutions and Macroeconomics

Money, Financial Institutions and Macroeconomics
Title Money, Financial Institutions and Macroeconomics PDF eBook
Author Avi J. Cohen
Publisher Springer
Pages 378
Release 1997-05-31
Genre Business & Economics
ISBN

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These 18 papers from the April 1995 conference at York U., Toronto present comparative and international perspectives on recent research in monetary theory and its application to practical policy issues. Although the contributors tend to emphasize the importance of credit creation in the monetary process, some of the authors offer more mainstream approaches. Topics include the roles of interest rate determination and the endogeneity of money in the credit economy, and monetary policy in North America and Europe. Annotation copyrighted by Book News, Inc., Portland, OR

Credit and Creed

Credit and Creed
Title Credit and Creed PDF eBook
Author Andreas Rahmatian
Publisher Routledge
Pages 275
Release 2019-10-28
Genre Law
ISBN 0429594844

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Money is a legal institution with principal economic and sociological consequences. Money is a debt, because that is how it is conceptualised and comes into existence: as circulating credit – if viewed from the creditor’s perspective – or, from the debtor’s viewpoint, as debt. This book presents a legal theory of money, based on the concept of dematerialised property. It describes the money creation or money supply process for cash and for bank money, and looks at modern forms of money, such as cryptocurrencies. It also shows why mainstream economics presupposes, but avoids an analysis of, money by effectively eliminating money from the microeconomic market model and declaring it as merely a neutral medium of exchange and unit of account. The book explains that money rather brings about and influences substantially the exchange or transaction it is supposed to facilitate only as a neutral medium. As the most liquid of all assets, money enables financialisation, monetisation and commodification in the economy. The central role of the banks in the money creation process and in the economy, and their strengthened position after the bank rescue measures in the wake of the financial crisis 2008-9 are also discussed. Providing a rigorous analysis of the most salient legal issues regarding money, this book will appeal to legal theorists, economists and anyone working in commercial or banking law.

Money and Payments in Theory and Practice

Money and Payments in Theory and Practice
Title Money and Payments in Theory and Practice PDF eBook
Author Sergio Rossi
Publisher Routledge
Pages 237
Release 2007-03-01
Genre Business & Economics
ISBN 1134190786

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International in scope and written by a leading young Post-Keynesian economist, this book focuses on the working of money and payments in a multi-bank settlement system within which banks and non-bank financial institutions have been expanding their operations outside their countries of incorporation.Departing from conventionally held beliefs, Serg

The Theory of Money and Credit

The Theory of Money and Credit
Title The Theory of Money and Credit PDF eBook
Author Ludwig Von Mises
Publisher Ludwig von Mises Institute
Pages 507
Release 1953
Genre Credit
ISBN 1610163222

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Monetary Theory and Policy

Monetary Theory and Policy
Title Monetary Theory and Policy PDF eBook
Author Carl E. Walsh
Publisher MIT Press
Pages 636
Release 2003
Genre Business & Economics
ISBN 9780262232319

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An overview of recent theoretical and policy-related developments in monetary economics.