Precautionary Demand and Liquidity in Payment Systems

Gara Afonso and Hyun Song Shin

Journal of Money, Credit and Banking, 2011, vol. 43, 589-619

Date: 2011
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Journal Article: Precautionary Demand and Liquidity in Payment Systems (2011)
Working Paper: Precautionary Demand and Liquidity in Payment Systems (2008)
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