A search equilibrium approach to monetary theory and policy.
This dissertation develops dynamic theoretical frameworks which explicitly incorporate a search-theoretic process of economic exchange into an operational theory of fiat money. The "search equilibrium" approach to trade frictions models the process of economic exchange as a costly activity which req...
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| Language: | English |
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1992
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| Online Access: | http://ezproxy.villanova.edu/login?url=https://digital.library.villanova.edu/Item/vudl:178031 |