The Illiquidity Trap

Brendan Brown

Chapter 5 in The Dollar-Mark Axis: On Currency Power, 1979, pp 106-130 from Palgrave Macmillan

Abstract: Abstract Hell, according to Jean-Paul Sartre, ‘c’est les autres.’ In his play, ‘Huis Clos,’ Sartre describes hell as four people locked up in a room together until eternity. In a financial world, Sartre’s hell does not depend on a lock and key. Man can be entrapped by illiquidity of personal wealth.

Keywords: Interest Rate; Exchange Market; Spot Rate; Forward Market; Interbank Market (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-04245-6_5

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DOI: 10.1007/978-1-349-04245-6_5

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