Description

Book Synopsis
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.

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). Adopting the last generation of the New Monetarist framework developed by Ricardo Lagos and Randall Wright, among others, Nosal and Rocheteau provide a dynamic general equilibrium framework to examine the frictions in the economy that make money and liquid assets play a useful role in trade. They discuss such topics as cashless economies; the properties of an asset that make it suitable to be used as a medium of exchange; the optimal monetary policy and the cost of inflation; the coexistence of money and credit; and the relationshi

Money Payments and Liquidity The MIT Press

    Product form

    A Paperback by Guillaume Rocheteau, Ed Nosal

    £45.60

    Includes FREE delivery

    RRP £48.00 – you save £2.40 (5%)

    Order before 4pm today for delivery by Wed 9 Sep 2026.

    15 in stock

      Trusted by thousands of customers. See 2,385+ Customer Reviews

      View other formats and editions of Money Payments and Liquidity The MIT Press by Guillaume Rocheteau

      Book details

      Publisher MIT Press
      Published 5/19/2017 12:00:00 AM
      ISBN-13 9780262533270
      978-0262533270
      ISBN-10 0262533278
      Also in:
      Credit and credit institutions Monetary economics

      Description

      Book Synopsis
      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.

      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). Adopting the last generation of the New Monetarist framework developed by Ricardo Lagos and Randall Wright, among others, Nosal and Rocheteau provide a dynamic general equilibrium framework to examine the frictions in the economy that make money and liquid assets play a useful role in trade. They discuss such topics as cashless economies; the properties of an asset that make it suitable to be used as a medium of exchange; the optimal monetary policy and the cost of inflation; the coexistence of money and credit; and the relationshi

      Recently viewed products

      © 2026 Book Curl

        • American Express
        • Apple Pay
        • Diners Club
        • Discover
        • Google Pay
        • Maestro
        • Mastercard
        • PayPal
        • Shop Pay
        • Union Pay
        • Visa

        Login

        Forgot your password?

        Don't have an account yet?
        Create account