This paper examines the relationship between UK firms’ choices over bank-based and market-based finance under different monetary conditions. The evolving financial environment facing the corporate sector provides many nonbank external finance options available as an alternative to bank finance. The paper shows that firms distributed according to their type (asset size, rating etc) have differen...

In this paper we consider one-to-many matching problems where the preferences of the agents involved are represented by monetary reward functions. We characterize Pareto optimal matchings by means of contractually exchange stability and matchings of maximum total reward by means of compensation exchange stability. To conclude, we show that in going from an initial matching to a matching of maxi...

Existence of competitive equilibria in the overlapping-generations model has been studied in some detail; see [4-6,9]. We need to know more about the properties of these equilibria. How many are there? How do they depend on the basic parameters of the economy? We also need to compare the set of monetary competitive equilibria with the set of nonmonetary competitive equilibria. Are there “vastly...

The adoption of a patient-centric approach to healthcare delivery in the National Health Service (NHS) in the UK has led to changing requirements for information systems supporting the work of health and care practitioners. In particular, the patient-centric approach emphasises teamwork and cross-boundary coordination and collaboration. Although a great deal of both time and money has been inve...

the present paper is an attempt to: 1- demonstrate how money is created (by the nature of the system), and to estimate the inflation resulting from monetary factors in both usurious and non-usurious systems. operational aspects of islamic and non-islamic banking systems are compared. 2- introduce a corrective term to be added to the multiplier of the supply of money, in order to prevent the und...

Throughout the developing world, countless people live without access to basic financial services, and physical banking infrastructure is often inaccessible. These constraints have led to the rise of mobile money, or branchless banking, systems that offer financial services to people who may not have access to conventional banks. Despite their utility, these services do not always integrate str...

The importance of banks for the transmission of monetary policy has been a major topic in monetary economics for some time, and several factors have served to heighten that interest recently. One such factor has been the slower than expected U.S. recovery from the 1990-91 recession, which was accompanied by slow growth in bank lending. This spawned a substantial literature on regulatory-induced...