This essay surveys the new monetarist approach to liquidity. Work in this literature strives for
empirical and policy relevance, plus rigorous foundations. Questions include: What is …

Can competition among privately-issued fiat currencies work? Only sometimes and partially.
To show this, we build a model of competition among privately-issued fiat currencies. A …

In this article, we describe what cryptocurrency is, how it works, and how it relates to familiar
conceptions of and questions about money. We then show how normative questions about …

This paper uses a search-theoretic model to study conditions under which cryptocurrency is
valued and under which it coexists with fiat money. In my model, a cryptocurrency economy …

Over the past 25 years a new approach has been developed to study monetary theory and
policy, and more broadly to study liquidity. This approach sometimes goes by the name New …

In this article, we describe what cryptocurrency is, how it works, and how it relates to familiar
conceptions of and questions about money. We then show how normative questions about …

This paper studies the nature of optimal monetary policy under a utility-maximizing monetary
authority in a micro-founded model of money based on Lagos and Wright (2005). Such a …

The conventional doctrine of money supply supports exogenous flow of money in an
economy. Simultaneously, it is believed that commercial banks create a large amount of …

This study contributes to the ongoing discussions about endogeneity of money supply by
empirically investigating the G-20 economies including South Asian countries. We used …

Introduction to monetary and macro economics Page 1 Journal of Economic Theory 142 (2008)
1 – 4 www.elsevier.com/locate/jet Introduction to monetary and macro economics Narayana …