tailieunhanh - Lecture Money, banking & finance - Lecture 5: The Micro-foundations of the Demand for Money - Part 2

In this lecture you will learn to understand: State the general conditions for an interior solution for a risk averse utility maximising agent, show that the quadratic utility function does not meet all these conditions, examine the demand for money based on transactions costs, examine the precautionary demand for money, examine buffer stock model of money. |

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