Inside and Outside Liquidity by Bengt Holmström
Inside and Outside Liquidity

Bengt Holmström

Inside and Outside Liquidity

Mit Press

Bengt Holmström with Jean Tirole

254 pages first pub 2011 (editions)

nonfiction business economics challenging informative medium-paced
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Description

Two leading economists develop a theory explaining the demand for and supply of liquid assets.Why do financial institutions, industrial companies, and households hold low-yielding money balances, Treasury bills, and other liquid assets? When and t...

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