Carvalho, Fernando J. Cardim de - In: Review of Keynesian Economics 1 (2013) 4, pp. 431-431
of commercial banks' demands for the reserves required to satisfy the demand for bank loans. Keynes's version, based on …, as it is shown in the paper. In fact, the first and most important contrasting concept in Keynes's approach in comparison … to Kaldor's is the notion of liquidity. Keynes proposes a hierarchical view of liquidity, while Kaldor views liquidity as …