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The Demand for Money as a Medium of Exchange

Paul Davidson

Chapter Chapter 7 in Money and the Real World, 1978, pp 159-188 from Palgrave Macmillan

Abstract: Abstract The fundamental question for monetary theory is why do people hold money which is barren rather than interest bearing securities or ‘productive’ physical goods? The answer must involve uncertainty!

Keywords: Money Supply; Finance Motive; Aggregate Demand; Money Market; Financial Intermediary (search for similar items in EconPapers)
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15865-2_7

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DOI: 10.1007/978-1-349-15865-2_7

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