;Contents: Commodity money; Some modeling considerations; A noncooperative economy with fiat money; Some examples; On macroeconomies and microeconomies; Inflation and deflation; Transactions costs; The velocity of circulation and the quantity of money; A moncooperative game for the money market; Taxation, gross national product and welfare.
A Theory of Money and Financial Institutions. Part IV. Fiat Money and Noncooperative Equilibrium in a Closed Economy
1972
50 pages
Report
Keine Angabe
Englisch
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