Consumer's Propensities to Hold Liquid Assets
نویسندگان
چکیده
منابع مشابه
Could making banks hold only liquid assets induce bank runs?
Restrictions placed on bank portfolios are analyzed in a banking model designed to capture the role of checking accounts in facilitating transactions. Forcing banks to hold only liquid assets creates the incentive for liquidity-based runs. Even when a run does not occur, welfare is reduced as a result of overinvestment in the liquid asset. & 2010 Elsevier B.V. All rights reserved.
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ژورنال
عنوان ژورنال: Journal of the American Statistical Association
سال: 1960
ISSN: 0162-1459
DOI: 10.2307/2281909