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Lecture Money, Banking & Finance - Lecture 3: The Microfoundations of Money - Part 2
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Lecture Money, Banking & Finance - Lecture 3: The Microfoundations of Money - Part 2. The following will be discussed in this chapter: Dissatisfaction with ad hoc formulation and MIUF approach, OLG - a theory of monetary exchange under Laissez Faire, Critical evaluation of OLG - purely a store of value, Intergenerational contracts, Legal restrictions, Another look at MIUF and CIA. |