Private and Public Supply of Liquidity.

This paper addresses a basic, yet unresolved question : Do claims on private assets provide sufficient liquidity for an efficient functioning of the productive sector? Or does the State have a role in creating liquidity and regulating it either through adjustments in the stock of government securities or by other means?

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Year of publication:	1996
Authors:	Holmstrom, B ; Tirole, J
Institutions:	Economics Department, Massachusetts Institute of Technology (MIT)
Subject:	LIQUIDITY \| GOVERNMENT POLICY \| MONETARY POLICY

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Series:	Working papers.
Type of publication:	Book / Working Paper
Notes:	42 pages
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; E44 - Financial Markets and the Macroeconomy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005574356