Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the early 1900s
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下载链接：
https://www.nber.org/papers/w27912
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资源简介：
Maintaining sufficient liquidity in the financial system is vital for its stability. However, since returns on liquid assets are typically low, individual financial institutions may seek to hold fewer such assets, especially if they believe they can rely on other institutions for liquidity support.
提供机构：
美国国家经济研究局
创建时间：
2020-10-01
