notion of liquidity appears as the optionality, valued by the aforementioned volatility, of dynamically adjusting through … liquidity risk. However in the literature the meaning of liquidity is either not precisely stated, or it is simply defined as a … Libor panelist (playing the role of the “borrower” in an interbank loan) and a liquidity component corresponding to a …

towards Pareto optimal rest-points. Below this growth rate, the economy enters a (sub-optimal) liquidity trap where monetary … policy is ineffective ; above this threshold inflation rises. Finally, market liquidity, measured through the speed of real …

We study how asymmetric information affects market volatility in a linear setup where the outcome is determined by …

-2011. To identify the components of discretionary expenditure, we use the volatility and persistence properties of the …

We decompose volatility of a stock market index both in time and scale using wavelet filters and design a probabilistic …

This paper studies empirically the link between remittances and growth volatility by examining the impact of … of moment (GMM) technique for a sample of 63 countries over the 1980-2004 period. The volatility of terms of trade and … inflation is used to proxy for real and monetary volatility, respectively. The results show that the impact of remittances on …

with limited memory, then there are rationally formed expectations equilibria exhibiting an excess volatility that no … one from a positive viewpoint, this result suggests that the possibility of excess volatility as an equilibrium phenomenon …