Holdings: Electronic money and the monetary transmission process

Electronic money and the monetary transmission process:

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Bibliographic Details
Main Author:	Hespeler, Frank (Author)
Format:	Thesis Book
Language:	English
Published:	Göttingen Cuvillier 2008
Edition:	1. Aufl.
Subjects:	Allgemeines Gleichgewicht Dynamisches Gleichgewicht Electronic Cash Theorie Transaktionskosten Transmissionsmechanismus Ungleichgewichtstheorie Elektronischer Zahlungsverkehr Hochschulschrift
Online Access:	Inhaltsverzeichnis Inhaltsverzeichnis
Item Description:	Zsfassung in dt. Sprache
Physical Description:	XXV, 259 S. graph. Darst.
ISBN:	9783867277600

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MARC


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adam_text	ELECTRONIC MONEY AND THE MONETARY TRANSMISSION PROCESS PRANK HESPELER 28. SEPTEMBER 2008 CONTENTS LIST OF FIGURES IX LIST OF TABLES XI ACRONYMS AND ABBREVIATIONS XIII MATHEMATICAL NOTATION XVII LIST OF VARIABLES USED IN CHAPTER 4 XIX LIST OF VARIABLES USED IN CHAPTER 4.1 XIX LIST OF VARIABLES USED IN CHAPTER 4.2 XX LIST OF VARIABLES USED IN CHAPTER 4.3 XX LIST OF VARIABLES USED IN CHAPTER 4.4 XXI LIST OF VARIABLES USED IN CHAPTER 6 XXII 1 INTRODUCTION 1 2 ELECTRONIC MONEY 3 2.1 THE HISTORY OF ELECTRONIC MONEY 3 2.2 ELECTRONIC MONEY 4 2.3 ELECTRONIC MONEY AND ITS COMPONENTS 5 2.4 SUBSUMPTION INTO THE PAYMENTS SYSTEM 7 V VI CONTENTS 2.5 SEPARATION FROM FINANCIAL PRODUCTS 10 3 ECONOMIC CHARACTERISTICS OF ELECTRONIC MONEY 13 3.1 TRANSACTION COSTS 13 3.1.1 TRANSACTION COSTS FOR THE PAYOR 15 3.1.2 TRANSACTION COSTS FROM THE PERSPECTIVE OF THE ISSUER 22 3.1.3 TRANSACTION COSTS IN THE PAYEE S POINT OF VIEW 27 3.1.4 AGGREGATE TRANSACTION COSTS 33 3.2 ELECTRONIC MONEY AS REGULATED PAYMENT MEDIA 35 3.2.1 REGULATION AND COSTS 35 3.2.2 SURVEY OF THE REGULATION WITH RESPECT TO THE PAYMENTS SYSTEM ... 38 3.2.3 REGULATION COSTS 45 3.3 RECONSIDERING TOTAL TRANSACTION COSTS 49 4 TRANSACTION COSTS IN PARTIAL EQUILIBRIUM MODELS 51 4.1 DEMAND FOR PAYMENT INSTRUMENTS AND TRANSACTION COSTS 51 4.2 TRANSACTION COSTS AND THE PAYEE-PAYOR RELATION 60 4.3 PRICE SETTING OF ISSUERS 65 4.4 MODEL OF THE MARKET FOR PAYMENT INSTRUMENTS 70 4.5 TRANSACTION COSTS AND PAYMENT INSTRUMENTS IN GENERAL EQUILIBRIUM . . . . 75 4.6 THE CONSEQUENCES OF LOWER TRANSACTION COSTS: BRIEF SUMMARY 77 5 THEORIES OF THE MONETARY TRANSMISSION 79 5.1 STATIC DEMAND-SIDE MECHANISMS 80 5.2 STATIC SUPPLY-SIDE MECHANISMS 88 5.3 DYNAMIC TRANSMISSION MECHANISMS IN GENERAL 92 5.4 DYNAMIC DEMAND-SIDE MECHANISMS 94 CONTENTS VII 5.5 DYNAMIC SUPPLY-SIDE MECHANISMS 99 5.6 TRANSMISSION CHANNELS AND TRANSACTION COSTS: SUMMARIZING THE RESULTS . 103 6 VARIATIONS IN TRANSACTION COSTS AND THE MONETARY TRANSMISSION MECH- ANISM 105 6.1 STRUCTURE OF THE ECONOMY 106 6.2 HOUSEHOLDS 107 6.2.1 EXPENDITURE MINIMIZATION 108 6.2.2 THE INTERTEMPORAL MAXIMIZATION PROBLEM 113 6.3 FIRMS 119 6.3.1 OPTIMAL CORPORATE DEBT CONTRACTS 121 6.3.2 THE OPTIMIZATION OF CONSUMPTION GOOD PRODUCERS 122 6.3.3 OPTIMIZATION OF PAYMENT MEDIA ISSUERS 131 6.3.3.1 INTERTEMPORAL OPTIMIZATION 132 6.4 MARKET CLEARING CONDITIONS 135 6.5 INFLATION DYNAMICS 137 6.6 LINEARIZING THE HOUSEHOLD SIDE OF THE MODEL 140 6.7 LINEARIZING MARKET EQUILIBRIUM CONDITIONS 143 6.8 THE CENTRAL BANK 144 6.9 EXPLORING AND CALIBRATING STEADY STATES 150 6.10 SIMULATION RESULTS 154 6.10.1 TRANSMISSION MECHANISM OF MONETARY SHOCKS 155 6.10.2 PERSISTENT PRODUCTIVITY SHOCKS ON THE PAYMENT SERVICES SECTOR . . . 159 6.10.3 ROBUSTNESS 161 6.11 DISCUSSION OF RESULTS 163 7 DISCUSSION 167 VIII 7.1 CONNECTING THE RESULTS TO THE LITERATURE 167 7.2 CONSEQUENCES FOR MONETARY POLICY IMPLEMENTATION 173 8 CONCLUSIONS 177 A ADDENDUM TO CHAPTER 4 181 A.I OPTIMALITY CONDITION TO SECT. 4.1 181 A.2 OPTIMALITY CONDITIONS TO SECT. 4.2 185 A.3 OPTIMALITY CONDITIONS TO SECT. 4.3 190 A.4 OPTIMALITY CONDITIONS TO CH. 4.4 , 192 A.5 PROOF OF CLAIMS IN CHAPTER 4.5 194 B ADDENDUM TO CHAPTER 6 201 B.I HOUSEHOLDS OPTIMALITY CONDITIONS IN CH. 6 201 B.2 COEFFICIENTS IN PRODUCERS FIRST ORDER CONDITIONS 203 B.3 DERIVATION OF THE WELFARE LOSS APPROXIMATION 205 B.4 DERIVATION OF STEADY STATE RELATIONSHIPS 213 B.5 SOLUTION FOR THE PARAMETERS WITHIN THE FIRM SOLUTION 217 B.6 SIMULATION RESULTS CORRESPONDING TO ROBUSTNESS CHECKS 219 C GERMAN SUMMARY 223 BIBLIOGRAPHY 233
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ctrlnum	(OCoLC)316234031 (DE-599)DNB990883973
discipline	Wirtschaftswissenschaften
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indexdate	2024-07-09T21:29:22Z
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isbn	9783867277600
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spelling	Hespeler, Frank Verfasser aut Electronic money and the monetary transmission process Frank Hespeler 1. Aufl. Göttingen Cuvillier 2008 XXV, 259 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Zsfassung in dt. Sprache Zugl.: Chemnitz, Techn. Univ., Diss., 2008 Allgemeines Gleichgewicht stw Dynamisches Gleichgewicht stw Electronic Cash stw Theorie stw Transaktionskosten stw Transmissionsmechanismus stw Ungleichgewichtstheorie stw Elektronischer Zahlungsverkehr (DE-588)4014359-4 gnd rswk-swf Electronic Cash (DE-588)4328949-6 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Elektronischer Zahlungsverkehr (DE-588)4014359-4 s Electronic Cash (DE-588)4328949-6 s DE-604 DE-601 pdf/application http://www.gbv.de/dms/zbw/58403153X.pdf 2009-01-19 lizenzfrei Inhaltsverzeichnis GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017045985&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis
spellingShingle	Hespeler, Frank Electronic money and the monetary transmission process Allgemeines Gleichgewicht stw Dynamisches Gleichgewicht stw Electronic Cash stw Theorie stw Transaktionskosten stw Transmissionsmechanismus stw Ungleichgewichtstheorie stw Elektronischer Zahlungsverkehr (DE-588)4014359-4 gnd Electronic Cash (DE-588)4328949-6 gnd
subject_GND	(DE-588)4014359-4 (DE-588)4328949-6 (DE-588)4113937-9
title	Electronic money and the monetary transmission process
title_auth	Electronic money and the monetary transmission process
title_exact_search	Electronic money and the monetary transmission process
title_full	Electronic money and the monetary transmission process Frank Hespeler
title_fullStr	Electronic money and the monetary transmission process Frank Hespeler
title_full_unstemmed	Electronic money and the monetary transmission process Frank Hespeler
title_short	Electronic money and the monetary transmission process
title_sort	electronic money and the monetary transmission process
topic	Allgemeines Gleichgewicht stw Dynamisches Gleichgewicht stw Electronic Cash stw Theorie stw Transaktionskosten stw Transmissionsmechanismus stw Ungleichgewichtstheorie stw Elektronischer Zahlungsverkehr (DE-588)4014359-4 gnd Electronic Cash (DE-588)4328949-6 gnd
topic_facet	Allgemeines Gleichgewicht Dynamisches Gleichgewicht Electronic Cash Theorie Transaktionskosten Transmissionsmechanismus Ungleichgewichtstheorie Elektronischer Zahlungsverkehr Hochschulschrift
url	http://www.gbv.de/dms/zbw/58403153X.pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017045985&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
work_keys_str_mv	AT hespelerfrank electronicmoneyandthemonetarytransmissionprocess

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