ABSTRACT
This chapter considers consider a framework of temporary monetary equilibrium theory with two successive periods where for each period all commodities are immediately deliverable for consumption and "money" is used as the only store of value but gives no direct utility to the agents. In such a "spot" money economy, taking into consideration future (market and individual) uncertainty, money is a link of transferring wealth between periods. The analysis is an "interior analysis" which considers only positive price systems and each agent owns at least a little of each commodity and money. Moreover, the restriction of the analysis to two periods is by no means essential, and the so-called "period" is considered as a synonym of Hicksian "week" in which markets are held on "Monday". Although it is assumed that no agent makes plans beyond one period into the future, our analysis carries over to a many but finite period planning horizon for the agent.
