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~isPartOf:"Working Papers / University of Toronto, Department of Economics"
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Precautionary Balances and the
Velocity
of
Circulation
of Money
Faig, Miquel
;
Jerez, Belén
-
University of Toronto, Department of Economics
-
2006
The low
velocity
of
circulation
of money implies that households hold more money than they normally spend. This …
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