The value of money in a dynamic equilibrium model

DOI10.1007/S00199-004-0552-YzbMath1123.91035OpenAlexW1975931607MaRDI QIDQ812320

Manuel S. Santos

Publication date: 23 January 2006

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-004-0552-y

zbMATH Keywords

Borrowing limitsCash-in-advanceFundamental value.Incomplete financial marketsPricing by arbitrage

Mathematics Subject Classification ID

Economic growth models (91B62) General equilibrium theory (91B50)

Related Items (5)

A simple optimality-based no-bubble theorem for deterministic sequential economies with strictly monotone preferences ⋮ Fiat money and the value of binding portfolio constraints ⋮ On the positive fundamental value of money with short-sale constraints ⋮ State prices, liquidity, and default ⋮ Capital regulation and banking bubbles

This page was built for publication: The value of money in a dynamic equilibrium model