Money is stock
Article Abstract:
A comparison is drawn between the valuation of stock and the valuation of government debt. Just like the way stock valuation is a charge against the company's profits, so is the government debt a charge against the surpluses the government generates. The price level of money can thus be determined based on the government debt notwithstanding lack of demand for the money. Government budgetary constraints and inflationary factors are also taken into account for determination of the price level.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2005
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Risk-based pricing of interest rates for consumer loans
Article Abstract:
The risk-based pricing method used by lenders for evaluating interest rates for consumer loans and its impact on consumer behavior are analyzed.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006
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Anticipated inflation and rates of return in a search-theoretic monetary model
Article Abstract:
A search model that examines the effect of projected inflation rates on money, asset value in trade and rates of return is presented.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2005
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