Liquidity preference
id:
liquidity-preference-192-1615624
title:
Liquidity preference
text:
In macroeconomic theory, liquidity preference is the demand for money, considered as liquidity. The concept was first developed by John Maynard Keynes in his book The General Theory of Employment, Interest and Money (1936) to explain determination of the interest rate by the supply and demand for money. The demand for money as an asset was theorized to depend on the interest foregone by not holding bonds. Interest rates, he argues, cannot be a reward for saving as such because, if a person hoard
brand slug:
wiki
category slug:
encyclopedia
description:
Interest seen as a reward for parting with liquidity
original url:
https://en.wikipedia.org/wiki/Liquidity_preference
date created:
date modified:
2023-11-19T23:58:36Z
main entity:
{"identifier":"Q585303","url":"https://www.wikidata.org/entity/Q585303"}
image:
fields total:
13
integrity:
14