This paper reviews and extends recent research on liquidity asset pricing. We start by asking how can intrinsically-worthless fiat money be valued in equilibrium? The literature which we build formalizes is for its when exchange hindered various frictions. Once one sees priced above fundamental value, it clear that many other assets be, too, if they also convey liquidity. study under conditions...

Banking has always been characterized by the use of new communication technologies, so it is not surprising that electronic media have also actively used banks, which led to first forms money, emerged from monetary instruments such as bank credit card terminals and systems computer banks with customers. However, point view theory money same credit, or fiat, but in paper form, form a record on m...

Recently, in order to explore the mechanism behind wealth or income distribution, several models have been proposed by applying principles of statistical mechanics. These models share some characteristics, such as consisting of a group of individual agents, a pile of money and a specific trading rule. Whatever the trading rule is, the most noteworthy fact is that money is always transferred fro...

The study aimed at showing how to create and release cryptocurrency, based on which one can introduce a new generation of this money that can continue its life in the quantum computers space and study whether cryptocurrency could be controlled or the rules should be rewritten in line with new technology. Regarding this, we showed the evolution of money and its uses in economic relations. Accord...

We develop a random-matching model to study the price dynamics of monies produced privately according time-consuming mining technology. For our leading example, there exists unique equilibrium where value money increases over time and reaches steady state. There is also continuum perfect-foresight equilibria inflates bursts gradually time. Initially, held for speculative motive, but it acquires...

— We define a non-tâtonnement dynamics in continuous-time for pure-exchange economies with outside and inside fiat money. Traders are myopic, face a cash-in-advance constraint, and play dominant strategies in a short-run monetary strategic market game involving the limit-price mechanism. The profits of the Bank are redistributed to its private shareholders, but they can use them to pay their ow...