TY  - JOUR
AB  - Presents a paper written by Lauchlin Currie in November 1992 in which he identifies and defends the concepts of money and the demand for it. The paper argues that the heavy cost of maintaining checking accounts is not reasonably explained by the conventional listing of motivations, especially in the case of large deposits. A new hypothesis is given on the demand for money. The paper concludes that checking accounts possesses the further essential quality of being quantitatively subject to control, which in turn permits a limitation of the total quantity of demand deposits and hence of money.
VL  - 31
IS  - 3/4
SN  - 0144-3585
DO  - 10.1108/01443580410699547
UR  - https://doi.org/10.1108/01443580410699547
ED  - Roger J. Sandilands
PY  - 2004
Y1  - 2004/01/01
TI  - A new hypothesis on the demand for money: the “accounting” motive and banks' costs[1]: November 9, 1992
T2  - Journal of Economic Studies
PB  - Emerald Group Publishing Limited
SP  - 390
EP  - 403
Y2  - 2024/04/25
ER  -