Valladolid, Lempira As the traveler approaches the municipality capital they go up a long section, this particular section is very dangerous because there are very deep cliffs. Some curves also need attention. One of the features of this municipality capital is the streets paved with rocks, since they did a very good job. The Pine forests all around give a special touch to the landscapes of the surrounding mountains. The people are very nice and welcoming. Valladolid, Lempira Valladolid is one of the municipalities of the Lempira department of Honduras. It takes about 2.5 hours to travel there and it must be
Monetary-disequilibrium theory Monetary-disequilibrium theory Monetary disequilibrium theory is a product of the Monetarist school and is mainly represented in the works of Leland Yeager and Austrian macroeconomics. The basic concept of monetary equilibrium (disequilibrium) was, however, defined in terms of an individual's demand for cash balance by Mises (1912) in his "Theory of Money and Credit". Monetary disequilibrium is one of three theories of macroeconomic fluctuations which accord an important role to money, the others being the Austrian theory of the business cycle and one based on rational expectations. Leland Yeager's (1968) understanding of the monetary disequilibrium theory begins with fundamental properties