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A Rationalization of the Precautionary Demand for Cash

Edward L. Whalen
Quarterly Journal of Economics 1966 80(2), 314
Introduction, 314. — Definition of the precautionary demand for cash, 314. — The concepts, 315. — Optimal precautionary cash balances, 316. — Comparison with transactions demand for cash, 320. — Comparison with related studies, 320. — Appendix, 322.