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EMV, also known as Chip and PIN, is the world-wide standard for card-based electronic payment. Its security wavers: over the past years, researchers have demonstrated various practical attacks, rangin...
Chemists at The University of Texas at Austin have developed a material that holds the key to cheap, fast and portable new sensors for a wide range of chemicals that right now cost government and indu...
韩山师范学院财务管理课件第九章 The Time Value of Money
合肥工业大学财务管理原理双语课件Chapter3 The Time Value of Money.
This paper examines the interactions between household matching, inequality, fertility di®erentials, and per capita income. We develop a model in which agents form households, consume and have ch...
We estimate the required increase in banks’ lending spreads assuming that banks under regulatory pressure would raise lending spreads to prevent ROE from falling when the capital regulation is tighten...
Marriage formation is often modeled as a matching process where males and females meet randomly or via commercial agents (Weiss 1997). This approach omits a unique feature of marriage, that is, no...
Recent work has reduced the gap between search-based monetary theory and mainstream macroeconomics byincorporating into the search model some centralized markets as well as some decentralized markets ...
Bargaining and the Value of Money     Money  Bargaining  Search  Inflation       2015/9/18
Search models of monetary exchange have typically relied on Nash (1950) bargaining, orstrategic games that yield an equivalent outcome, to determine the terms of trade. By considering alternative axio...
We study optimal fiscal and monetary policy in an environment where explicit frictions giverise to valued money, making money essential in the sense that it expands the set of feasible trades. The two...
Monetary models that specify explicit frictions to generate money demand have beendeveloped over the last 20 years and have been used to address many questions. Inthis paper we investigate the short-r...
The e§ects of money (anticipated ináation) on capital formation is a classic issue in macroeco-nomics. Previous papers adopt reduced-form approaches, putting money in the utility function,or imposing ...
Much attention has been devoted in the literature to the transactions demand for money and the asset demand for money. The precautionary motive for holding cash balances, however, is seldom analyz...
In the last three years, the Japanese economy has improved greatly compared to the decade-long period of near zero economic growth and deflation that began in the early 1990s. Once again Japanese ec...

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