Reasons for high liquid preference in developing countries

Reasons for high liquid preference in developing countries

  • low income
  • high rate of speculation
  • high rate of inflation
  • high level of cash transaction
  • high degree of uncertinity
  •  low levels of development of commercial institution
  • low interest on financial assets
  • limited financial knowledge
  • high level of illiteracy
  • low concentration of financial institutions in rural area
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