Çubuk, Bedriye2016-01-082016-01-082002http://hdl.handle.net/11693/15753Ankara : 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.viii, 39 leaves, graphics and tablesEnglishinfo:eu-repo/semantics/openAccessCash-in-advance ModelsTransactions CostVelocity of MoneyWelfare Cost of InflationHG4028.C45 C83 2002Cash management--Mathematical models.Circular velocity of money.Demand for money--Mathematical models.Inflation and taxation.Monetary policy.Business cycles.Thesis