Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the early 1900s
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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.
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美国国家经济研究局创建时间：
2020-10-01
