Barley, Gold, or Fiat : Toward a Pure Theory of Money / Martin Shubik, Thomas Quint.

Format:

Book

Author/Creator:

Quint, Thomas, Author.

Shubik, Martin, Author.

Language:

English

Subjects (All):

Money--Mathematical models.

Money.

Financial institutions--Mathematical models.

Financial institutions.

Physical Description:

1 online resource (361 p.)

Place of Publication:

New Haven, CT : Yale University Press, [2014]

Language Note:

English

Summary:

Using simple but rigorously defined mathematical models, Thomas Quint and Martin Shubik explore monetary control in a simple exchange economy. Examining how money enters, circulates, and exits an economy, they consider the nature of trading systems and the role of government authority in the exchange of consumer goods for storable money; exchanges made with durable currency, such as gold; fiat currency, which is flexible but has no consumption value; conditions under which borrowers can declare bankruptcy; and the distinctions between individuals who lend their own money, and financiers, who lend others'.

Contents:

Frontmatter

Contents

Preface

Acknowledgments

1. Money and Context

2. The Properties of Markets

3. The Basic Model

4. Trade with a Money Market

5. Trade with a Rich Large Agent

6. Markets with Gold

7. Markets with Fiat

8. Default and Bankruptcy

9. A One-Period Sell-All Model

10. Clearinghouses, Credit, and Control

11. The Size and Role of Financial Institutions

12. Oligopolistic Competition with Cash and with a Money Market

13. Monopolistic and Oligopolistic Bankers

14. Competitive Banking I: Corporate Banking with a Central Bank

15. Competitive Banking II: Demonetization of Gold

16. Multiperiod Models of Trade

17. Pure Theory, Practice, and Context

Bibliography

Index

Notes:

Description based upon print version of record.

Includes bibliographical references at the end of each chapters and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 24. Apr 2020)

ISBN:

9780300199222

0300199228

OCLC:

869434696