Международные финансовые отношения

Список источников >Бизнес-книги >Финансы. Банковское дело. Инвестиции >Международные финансовые отношения >

Why Is There Money?: Walrasian General Equilibrium Foundations of Monetary Theory

Автор: Ross M. Starr
Год: 2012
Издание: [не указанo]
Страниц: 176
ISBN: 1848448562
The microeconomic foundation of the theory of money has long represented a puzzle to economic theory. Why is there Money? derives the foundations of monetary theory from advanced price theory in a mathematically precise family of trading post models. It has long been recognized that the fundamental theoretical analysis of a market economy is embodied in the Arrow-Debreu-Walras mathematical general equilibrium model, with one great deficiency: the analysis cannot accommodate money and financial institutions. In this groundbreaking book, Ross M. Starr addresses this problem directly, by expanding the Arrow-Debreu model to include a multiplicity of trading opportunities, with the resultant endogenous derivation of money as the carrier of value among them. This fundamental breakthrough is achieved while maintaining the Walrasian general equilibrium price-theoretic structure, augmented primarily by the introduction of separate bid and ask prices reflecting transaction costs. The result is...
Добавлено: 2014-06-30 09:44:25

Видео о книгах:

Это интересно...

Наши контакты

Рейтинг@Mail.ru

© 2009-2016, Список Литературы