Money talks

The authors study credible information transmission by a benevolent central bank. They consider two possibilities: direct revelation through an announcement, versus indirect information transmission through monetary policy. These two ways of transmitting information have very different consequences. Since the objectives of the central bank and those of individual investors are not always aligned, private investors might rationally ignore announcements by the central bank. In contrast, information transmission through changes in the interest rate creates a distortion, thus lending an amount of credibility. This induces the private investors to rationally take into account information revealed through monetary policy.Banks and banking, Central ; Information theory

Money talks about credit

"MP 38/5, 67/10M"Flyer about credit

Money Talks, Patients Walk?

Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/71560/1/j.1525-1497.2001.10118.x.pd

Money talks

An investigation into recovering fingerprints left on non-porous polymer bank notes will benefit future forensics. Carina Joannidis and Kenny Laing of the Scottish Police Authority joined with Dr Penny Haddrill at Strathclyde University, UK, to probe the prints

Why Money Talks and Wealth Whispers: Monetary Uncertainty and Mystique

This paper analyzes the effect of monetary uncertainty on the inflationary bias and the variance of output and inflation. Monetary policy uncertainty is modeled as a shock to the central banker’s preference for inflation stabilization relative to output stabilization that cannot be observed by the public. We find that the mean and variance of inflation increase with the variance of this preference shock. However, unlike other studies, we find that monetary uncertainty may very well have a positive effect on output stabilization and therefore also on society’s welfare.credibility;flexibility;uncertainty

Murdoch: man of the people?

They say money talks and when it does you can be sure Rupert Murdoch is listening

Money Talks? An Experimental Study of Rebate in Reputation System Design

Reputation systems that rely on feedback from traders are important institutions for helping sustain trust in markets, while feedback information is usually considered a public good. We apply both theoretical models and experiments to study how raters' feedback behavior responds to different reporting costs and how to improve market efficiency by introducing a pre-commitment device for sellers in reputation systems. In particular, the pre-commitment device we study here allows sellers to provide rebates to cover buyers' reporting costs before buyers make purchasing decisions. Using a buyer-seller trust game with a unilateral feedback scheme, we find that a buyer’s propensity to leave feedback is more sensitive to reporting costs when the seller cooperates than when the seller defects. The seller’s decision on whether to provide a rebate significantly affects the buyer’s decision to leave feedback by compensating for the feedback costs. More importantly, the rebate decision has a significant impact on the buyer's purchasing decision via signaling the seller's cooperative type. The experimental results show that the rebate mechanism improves the market efficiency.reputation, trust, feedback mechanism, asymmetric information, public goods, experimental economics

Exploring How One’s Primary Financial Conversant Varies by Marital Status

Research has shown communication around finances is essential to relational satisfaction, yet often couples avoid these money talks. In this study, we examined how the financial discussions were impacted by marital status. The findings were surprising. Married people were the least likely to be engaging in money talks with their partner, all of the other participants (e.g., cohabitating, dating, separated) were all engaging their partners at much greater rates in money talks. However, married respondents were talking to their family members, friends, financial professionals, and other professionals about money. These different conversations were analyzed through the lens of social capital to explore how different couple typologies may impact their tendencies to use bridging or bonding social capital. Finally, the results suggest that other aspects of human capital (e.g., health, education, age) also related to rates of financial conversations. The findings of this study have strong implications for financial professionals, financial therapists, mental health professionals, as well as, implications for anyone in a romantic relationship