Inside and Outside Liquidity

by Jean Tirole and Bengt Holmström

Book Overview

Two leading economists develop a theory explaining the demand for and supply of liquid assets.

Why do financial institutions, industrial companies, and households hold low-yielding money balances, Treasury bills, and other liquid assets? When and to what extent can the state and international financial markets make up for a shortage of liquid assets, allowing agents to save and share risk more effectively? These questions are at the center...

• Format: Paperback
• Language: English
• ISBN: 0262518538
• ISBN13: 9780262518536
• Release Date: January 2013
• Publisher: MIT Press
• Length: 262 Pages
• Weight: 0.79 lbs.
• Dimensions: 0.5" x 6.1" x 9.0"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher