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Titlebook: Recent Developments on Money and Finance; Exploring Links betw Charalambos D. Aliprantis,Nicholas C. Yannelis,Gab Book 2006 Springer-Verlag

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A simple search model of money with heterogeneous agents and partial acceptability, unfortunate if one wants a model with partial acceptability. We introduce heterogeneous agents and show partial acceptability arises naturally and robustly. There can be multiple equilibria with different degrees of acceptability. Given the type of heterogeneity we allow, the model is simple: equil
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Decentralized credit and monetary exchange without public record keeping,ong as it is in their self-interest.With this simple modification, it is possible to support self-enforcing, intertemporal trade which resembles credit without a public record keeping device. We examine conditions for coexistence of currency and credit and the welfare gains/losses associated with th
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Limited participation, private money, and credit in a spatial model of money,le of fiat money. A locational model is constructed which gives an explicit account of the role for money and credit, and for limited financial market participation. When private money issue is prohibited, there is a liquidity effect as the result of a money injection from the central bank, but this
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John H. Boyd,Chun Chang,Bruce D. Smithal tissues, both innate and adaptive arms of the immune system are required to support healthy mutualistic interactions with the resident microbiota, while aggressively fighting pathogenic infections. Technological breakthroughs over the past decade facilitated groundbreaking discoveries that transf
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Gaetano Antinolfi,Elisabeth Huybensel captures in a unique framework all the main phenomena involved in cell differentiation and can be subject to experimental testing. A prominent role in the model is played by cellular noise, which somehow controls the cell ontogenetic process from the stem, totipotent state to the mature, complete
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