BERENTSEN, MOLICO, AND WRIGHT (2002), hereafter BMW, introduce lotteries into monetary search models to deal with indivisibilities of goods and money. They obtain three key results. First, with indivisible goods and fiat money, goods always change hands with probability one while money can trade with probability less than one. Second, with fiat money, a social planner cares only about lotteries...

Money laundering is a criminal activity to disguise black money as white money. It is a process by which illegal funds and assets are converted into legitimate funds and assets. Money Laundering occurs in three stages: Placement, Layering, and Integration. It leads to various criminal activities like Political corruption, smuggling, financial frauds, etc. In India there is no successful Anti Mo...

This articles explores the intertwining of digitalisation remittances with behavioural turn in development and, more specifically, advancement digital financial inclusion. It sheds light on intricate ways which state, civil society and private sector actors seek to leverage as a way expand Drawing upon qualitative field research undertaken Ghana, this paper traces emergence take up services – i...

Theories on the relationship between money and inflation had largely been shaped around the positive relationship and money causality for inflation before the Post-Keynesians. Since the 1980s, this idea emerged that there might be no correlation between money growth and inflation. In the case of existence, the causality is reversed, so money is endogenous somehow. However, practically there is ...

This paper uses a simple money demand and supply framework to estimate the impact of quantitative easing (QE) on asset prices and nominal spending. We use standard money accounting to try to establish the impact of asset purchases on broad money holdings. We show that the initial impact of £200 billion of asset purchases on the money supply was partially offset by other ‘shocks’ to the money su...

As the result of information technology's development, promoted the tradition payment means enormously to the computerization development advancement. The electronic payment has accelerated the money circulation speed, and has brought the enormous convenience for the modern trade activity. But the electronic payment's characteristics such as invisible, high speed, concealment and so on have pro...

Spread of the IT and Internet served as an important turning point for consolidating digital economy growth and for building national economy’s competitiveness worldwide. Among them, emergence of e-money grew into important issue of e-commerce, and it can be considered futuristic currency revolution that replaces traditional payment methods such as cash, check and others. Recently, e-money for ...

Pacific Economic Bulletin Volume 21 Number 2 2006 © Asia Pacific Press For Fiji, which has been suffering persistent deficits since independence, determining the relationships between inflation, budget deficits, money supply, output, and import prices is essential. We find that inflation, deficits and money supply are cointegrated when inflation is the endogenous variable, and the long-run elas...