Ankara : The Department of Economics, Bilkent University, 2002.Thesis (Master's) -- Bilkent University, 2002.Includes bibliographical references leaves 37-39.The aim of this study is to focus on the frequency with which consumers
conduct financial transactions, and the role that this plays in the determination of the
money velocity, price level, transactions cost and consequently determination of
welfare cost of inflation. We introduce a CIA model with a Baumol-Tobin
transactions mechanism. This provides a contribution to the CIA literature by
allowing the transactions period to be endogenous and contributes to the BaumolTobin
model by placing the decision rules in a general equilibrium setting. We find
that the transactions period length is an integral part of the behavior of the monetary
economy.Çubuk, BedriyeM.S
