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Economic Quarterly

First Quarter 2018

Self-Insurance and the Risk-Sharing Role of Money

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Overcoming the lack of coincidence of wants is a well-acknowledged role of money. In this review, I illustrate that the use of money also promotes risk-sharing in the society: when individuals hold money, it helps other individuals mitigate their own liquidity risks.

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Lisa Davis (804) 697-8179

Economic Quarterly

Self-Insurance and the Risk-Sharing Role of Money

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