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Palgrave Macmillan

Money, Trust, and Banking

An Integrated Approach to Monetary Theory and Banking Theory

  • Book
  • © 2005

Overview

Authors:
  1. Guido K. Schaefer

    1. Vienna University of Economics and Business Administration, Austria

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-viii
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  2. Introduction

    • Guido K. Schaefer
    Pages 1-4

  3. The Problem of Trust in Monetary Theory

    • Guido K. Schaefer
    Pages 5-10

  4. Money, Trust, and Contemporary Banking Theory

    • Guido K. Schaefer
    Pages 11-21

  5. An Analytical Framework for an Integrated Theory of Money, Trust, and Banking

    • Guido K. Schaefer
    Pages 22-26

  6. A Basic Model of Exchange

    • Guido K. Schaefer
    Pages 27-32

  7. Barter with Intermediate Exchange of Goods

    • Guido K. Schaefer
    Pages 33-57

  8. Privately Issued I.O.U.s as a Medium of Exchange

    • Guido K. Schaefer
    Pages 58-86

  9. Money as Central Bank Debt

    • Guido K. Schaefer
    Pages 87-107

  10. The Transactions Bank — On the Missing Link Between Monetary Theory and Banking Theory

    • Guido K. Schaefer
    Pages 108-137

  11. Efficient Transactions and Synergies in Banking

    • Guido K. Schaefer
    Pages 138-148

  12. An Integrated Perspective on Money, Trust, and Banking

    • Guido K. Schaefer
    Pages 149-154

  13. Back Matter

    Pages 155-166
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Keywords

About this book

This book shows how money and banks emerge to efficiently address problems of trust between economic agents. The analysis offers an innovative approach for integrating monetary theory, banking theory, and standard economic theory in a game theoretical framework. The unified perspective of the book contributes to a better understanding of the microeconomic foundations of monetary policy and banking. It emphasizes the importance of trust supported by credible institutional structures in the financial industry.

Authors and Affiliations

  • Vienna University of Economics and Business Administration, Austria

    Guido K. Schaefer

About the author

GUIDO K. SCHAEFER is Assistant Professor in the Economics Department at the Vienna University of Economics and Business Administration, Austria, a position he has held since 1995. He teaches money and banking in the Management Science and the Economics Programme. He has published articles in journals and edited volumes and is the author of Regulation and Stability in the Banking Systems: The Case of Deposit Insurance.

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