NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Liquidity Needs in Economies with Interconnected Financial Obligations

Julio J. Rotemberg

NBER Working Paper No. 14222
Issued in August 2008

---- Acknowledgements -----

I wish to thank for Stephen Cecchetti for conversations as well as Michael Woodford for extremely valuable discussions and comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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