TY - BOOK AU - Rocheteau,Guillaume AU - Nosal,Ed TI - Money, payments, and liquidity SN - 9780262533270 U1 - 339.53 23 PY - 2017/// CY - Cambridge PB - MIT Press, KW - Liquidity (Economics) KW - Monetary policy KW - Money N1 - Includes bibliographical references and index; The basic environment -- Pure credit economies -- Pure currency economies -- The role of money -- Properties of money -- The optimum quantity of money -- Information, monetary policy, and the inflation-output trade-off -- Money and credit -- Firm entry, unemployment, and payments -- Money, negotiable debt, and settlement -- Money and capital -- Exchange rates, nominal bonds, and open market operations -- Liquidity, monetary policy, and asset prices -- Asset price dynamics -- Trading frictions in over-the-counter markets -- Crashes and recoveries in over-the-counter markets N2 - A new edition of a book presenting a unified framework for studying the role of money and liquid assets in the economy, revised and updated ER -