• Essays in financial macroeconomics 

    Arjmandi, Mohammad Nabi (University of Missouri--Columbia, 2023)
    This dissertation delves into critical aspects of financial markets and intermediaries, shedding light on optimal portfolio rebalancing strategies in the presence of cash distributions and transaction costs, as well as the ...
  • Essays on money and banking: a search-theoretic approach 

    Lee, Heon (University of Missouri--Columbia, 2022)
    My dissertation studies the role of banking in the monetary transmission. In the first chapter, I develop a monetary-search model where the money multiplier is endogenously determined. I show that when the central bank ...
  • Essays on money and credit 

    Xie, Qinhua (University of Missouri--Columbia, 2023)
    When at least some transactions are anonymous and there is missing a publicly available record keeping device, individuals who sell goods cannot force buyers to payback the debt. Thus, money and collateralized credit are ...