Uncertainty and Liquidity
收藏NBER1987-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2296
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资源简介：
This paper studies a model where money is valued for the liquidity services it provides in the future. These liquidity services cannot be provided by any other asset. Changes in expectations of the value of future liquidity services affect the desired proportions of money and other assets in agents'
提供机构：
美国国家经济研究局
创建时间：
1987-06-01
