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Banks in the Market for Liquidity

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NBER1990-06-01 更新2025-01-04 收录
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Banks are unique among financial institutions because they are the cheapest source of liquidity in the economy. Banks choose to hold reserves to facilitate settlement of end-of-day net due to positions arising from payments operations. Money market substitutes for bank liabilities do not escape from

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1990-06-01
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