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The Role of Money

Ed Nosal and Guillaume Rocheteau

in Money, Payments, and Liquidity

Published in print:
2011
Published Online:
August 2013
ISBN:
9780262016285
eISBN:
9780262298285
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262016285.003.0003
Subject:
Economics and Finance, Econometrics

Building on the previous chapter’s presentation of credit arrangements that allow intertemporal gains from trade to be exploited by agents, this chapter studies agents under an environment of ... More


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