Abstract
Liquidity constraints affect the ability of an economic agent to exchange his or her existing wealth for goods and services or for other assets. These constraints arise because of frictions, including private information, limited commitment, transactions costs, and spatial considerations.
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Williamson, S.D. (2018). Liquidity Constraints. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2438
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2438
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