A new edition of a book presenting a unified framework for studying the role of Money and liquid assets in the economy, revised and updated.
Adopting the last generation of the.
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).
A new edition of a book presenting a unified framework for studying the role of Money and liquid assets in the economy, revised and updated