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Evil and Money: A Liquidity Perspective by Sebastian Doce is a document available to read on EtoBox.

What is Evil and Money: A Liquidity Perspective about?

This document provides an overview of the first lecture in a series on money and liquidity. The key points are: 1) The lecture argues that liquidity, not money, is the more fundamental concept, and that money emerges due to liquidity shortages. 2) It claims that theories of money are at odds with standard economic models which assume perfect competition and no frictions. 3) The lecture aims to build a model where something emerges that plays the role of money, by focusing on the circulation of private

Author

Sebastian Doce

Language

EN