REGULATION D AND THE VAULT CASH GAME

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  • Warren L. Coats Jr.

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    • Assistant Professor of Economics, University of Virginia. This paper is based on parts of my doctoral dissertation for the University of Chicago. My many debts are enumerated there. I would like particularly to express my gratitude to Milton Friedman, Robert J. Gordon, Richard Zecher and the Federal Reserve Bank of Chicago. None of them has seen this paper. It has also benefitted from the comments of an anonymous referee.

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