G2TT
来源类型Discussion paper
规范类型论文
来源IDDP12116
DP12116 Sources of Liquidity and Liquidity Shortages
Wolf Wagner; Charles M. Kahn
发表日期2017-06-28
出版年2017
语种英语
摘要We investigate a model of liquidity sources that incorporates a general equilibrium feature of liquidity: when banks hold more liquidity, other sectors of the economy hold less of it and will consequently supply less in times of crisis. The private allocation of liquidity is inefficient and optimal liquidity regulation depends on the source of liquidity to which it is applied. Our model also identifies a limited role for public provision of liquidity, arising only when there is a general liquidity shortage in the economy but not if the shortage materializes solely in the banking system.
主题Financial Economics
关键词Liquidity sources Liquidity regulation Public liquidity
URLhttps://cepr.org/publications/dp12116
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/540927
推荐引用方式
GB/T 7714
Wolf Wagner,Charles M. Kahn. DP12116 Sources of Liquidity and Liquidity Shortages. 2017.
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