This paper shows that a "precautionary" demand for money can be derived in models of the state of nature variety with uncertain cash requirements even if sales of assets incur no real cost and ...

Exploring the quantity theory of money and the effect tokenization could have on future demand for commercial real estate investments. The concept of illiquidity discounts, how it relates to markets ...

We investigate the relationship between funding liquidity and PE firm performance. We further develop a locally political alignment indicator (PAI) and then investigate whether PAI has an impact on ...