Modeling Buffer Stock Money : An Appraisal

An Appraisal

Nopic
The buffer stock role of absorbing temporary discrepancies between purchases and sales is assigned to money because money, being the most liquid of all assets, performs the buffer function best. However, as this paper shows, the attempts to model the buffer stock role have led to certain incoherencies. Specifically, this paper shows that the... READ MORE...

Publication date: May 1988
ISBN 9781451976236
$10.00

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Publication date: May 1988

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