A Rationalization of the Precautionary Demand for Cash
The Quarterly Journal of Economics · 1966 · Volume 80 · Issue 2
Abstract
Introduction, 314. — Definition of the precautionary demand for cash, 314. — The concepts, 315. — Optimal precautionary cash balances, 316. — Comparison with transactions demand for cash, 320. — Comparison with related studies, 320. — Appendix, 322.
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