Why do financial institutions, industrial companies, and households hold low-yielding money balances, Treasury bills, and other liquid assets? When and to what extent can the state and international financial markets make up for a shortage of liquid assets, allowing agents to save and share risk mor
Inside and Outside Liquidity
β Scribed by Bengt Holmstrom, Jean Tirole
- Publisher
- The MIT Press
- Year
- 2011
- Tongue
- English
- Leaves
- 285
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
Two leading economists develop a theory explaining the demand for and supply of liquid assets.
π SIMILAR VOLUMES
<P>Why do financial institutions, industrial companies, and households hold low-yielding money balances, Treasury bills, and other liquid assets? When and to what extent can the state and international financial markets make up for a shortage of liquid
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