Theory of Money and Financial Institutions

Name: Theory of Money and Financial Institutions
Availability: OutOfStock
ISBN: 9780262194280

ISBN-10: 0262194287

ISBN-13: 9780262194280

Edition: 1999

Authors: Martin Shubik

List price: $60.00

30 day, 100% satisfaction guarantee!

Out of stock

We're sorry. This item is currently unavailable.

what's this?

Rush Rewards U
Members Receive:

You have reached 400 XP and carrot coins. That is the daily max!

Description:

This is the second volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the…

Book details

List price: $60.00
Copyright year: 1999
Publisher: MIT Press
Publication date: 11/22/1999
Binding: Hardcover
Pages: 386
Size: 6.25" wide x 9.25" long x 1.00" tall
Weight: 1.430
Language: English

Martin Shubik is Seymour Knox Professor of Mathematical Institutional Economics (Emeritus) at Yale University's Cowles Foundation and School of Management.



Preface



Context



Introduction and Background



The Basic Financial Instruments of an Economy



Micro and Macro



General Equilibrium and Beyond



Exchange and Money



The Distribution of Resources, Trade, and Markets



Trade Using a Commodity Money



Market Mechanisms with Simple Markets



Auctions, Markets, and Trade Fairs



Trade with Gold, Credit, and Inside Money



Trade with Gold and Fractional Reserves



One-Period Trade with Fiat Money



Money, Credit, and Bankruptcy



Money as a Numeraire, Means of Payment, Store of Value, and Substitute for Individual Trust



Trade and Paper



Liquidity and the Velocity of Money


References


Name Index


Subject Index