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...

Full description

Bibliographic Details
Main Author: Li, Victor.
Format: Villanova Faculty Authorship
Language:English
Published: 1992
Online Access:http://ezproxy.villanova.edu/login?url=https://digital.library.villanova.edu/Item/vudl:178031