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.
agents bank banking economic theory microeconomics monetary policy monetary theory money Rating
Authors and affiliations
Guido K. Schaefer
1.Vienna University of Economics and Business AdministrationAustria
Copyright InformationPalgrave Macmillan, a division of Macmillan Publishers Limited 2005