Abstract
The reconciliation of asset-holding and liability-accepting desires 1 would be relatively simple if they were consistent. That is, if the patterns of assets that economic units wished to hold were the same as the patterns of liabilities that debtors wished to assume, relatively simple markets could serve as channels for the distribution of liabilities to asset holders.
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© 1978 Graeme S. Dorrance
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Dorrance, G.S. (1978). The Constrained Sectors: III. Financial Institutions:—Financial Flows. In: National Monetary and Financial Analysis. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15858-4_8
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DOI: https://doi.org/10.1007/978-1-349-15858-4_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-15860-7
Online ISBN: 978-1-349-15858-4
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