This paper shows that a "precautionary" demand for money can be derived in models of the state of nature variety with uncertain cash requirements even if sales of assets incur no real cost and ...
The pattern of excess liquidity continued during August, with banks parking their funds with the Reserve Bank of India. The removal of the RBI cap on reverse repo volumes gave the banks some relief ...
As an A level Economics students, we often indulge ourselves in the realm of Keynesian theories – from the General Theory of Employment, Interest and Money to concepts such as multiplier effects and ...
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