Real Effects of Money in General Equilibrium
Title | Real Effects of Money in General Equilibrium PDF eBook |
Author | Michael Magill |
Publisher | |
Pages | 45 |
Release | 1988 |
Genre | Equilibrium (Economics) |
ISBN |
The Money Illusion
Title | The Money Illusion PDF eBook |
Author | Irving Fisher |
Publisher | Simon and Schuster |
Pages | 152 |
Release | 2014-03-27 |
Genre | Business & Economics |
ISBN | 1627939997 |
In economics, money illusion refers to the tendency of people to think of currency in nominal, rather than real, terms. In other words, the numerical/face value (nominal value) of money is mistaken for its purchasing power (real value). This is false, as modern fiat currencies have no inherent value and their real value is derived from their ability to be exchanged for goods and used for payment of taxes. The term was coined by John Maynard Keynes in the early twentieth century. Almost every one is subject to the "Money Illusion" in respect to his own country's currency. This seems to him to be stationary while the money of other countries seems to change. It may seem strange but it is true that we see the rise or fall of foreign money better than we see that of our own.-IRVING FISHER
Real Effects of Money with Incomplete But Almost Costless Information
Title | Real Effects of Money with Incomplete But Almost Costless Information PDF eBook |
Author | Dominique M. (Dominique Michel) Demougin |
Publisher | |
Pages | 25 |
Release | 1990 |
Genre | Money supply |
ISBN |
Hedge Fund Activism
Title | Hedge Fund Activism PDF eBook |
Author | Alon Brav |
Publisher | Now Publishers Inc |
Pages | 76 |
Release | 2010 |
Genre | Business & Economics |
ISBN | 1601983387 |
Hedge Fund Activism begins with a brief outline of the research literature and describes datasets on hedge fund activism.
Financial Markets and the Real Economy
Title | Financial Markets and the Real Economy PDF eBook |
Author | John H. Cochrane |
Publisher | Now Publishers Inc |
Pages | 117 |
Release | 2005 |
Genre | Business & Economics |
ISBN | 1933019158 |
Financial Markets and the Real Economy reviews the current academic literature on the macroeconomics of finance.
The Future of Money
Title | The Future of Money PDF eBook |
Author | Eswar S. Prasad |
Publisher | Harvard University Press |
Pages | 497 |
Release | 2021-09-28 |
Genre | Business & Economics |
ISBN | 0674258444 |
A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think weÕve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force wonÕt be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.
The Nature of Money
Title | The Nature of Money PDF eBook |
Author | Geoffrey Ingham |
Publisher | John Wiley & Sons |
Pages | 264 |
Release | 2013-05-29 |
Genre | Social Science |
ISBN | 0745638031 |
In this important new book, Geoffrey Ingham draws on neglected traditions in the social sciences to develop a theory of the ‘social relation’ of money. Genuinely multidisciplinary approach, based on a thorough knowledge of theories of money in the social sciences An original development of the neglected heterodox theories of money New histories of the origins and development of forms of money and their social relations of production in different monetary systems A radical interpretation of capitalism as a particular type of monetary system and the first sociological outline of the institutional structure of the social production of capitalist money A radical critique of recent writing on global e-money, the so-called ‘end of money’, and new monetary spaces such as the euro.