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About this book
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'.
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Yes, you can access Barley, Gold, or Fiat by Thomas Quint, Martin Shubik in PDF and/or ePUB format, as well as other popular books in Economics & Economic History. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- 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