Money as Insurance
Liquid money controlled by a trustworthy central bank can serve as an insurance against external surprises such as stock market crashes, bank fails and other setbacks that endanger the yield of illiquid savings. In turbulent times, the insurance property of money is particularly accentuated. The pap...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-12-01
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| Series: | Risks |
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| Online Access: | https://www.mdpi.com/2227-9091/10/12/238 |