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A two-tier system for remunerating banks’ excess liquidity in the euro area : aims and possible side effects

Secchi, Alessandro - 2019

Persistent link: https://www.econbiz.de/10012162661

The banking system’s liquidity surplus and interest rate formation

Sellin, Peter; Heideken, Virginia von - In: Sveriges Riksbank economic review (2014) 3, pp. 59-75

Persistent link: https://www.econbiz.de/10012168752

Liquidity choice and misallocation of credit

Ebrahimy, Ehsan - 2019

This paper studies a novel type of misallocation of credit between investments of varying liquidity. One type of …-term welfare and output in a constrained inefficient equilibrium if it raises the liquidity of the liquid type. I show a maximum …

Persistent link: https://www.econbiz.de/10012155067

Safety, liquidity, and the natural rate of interest

Del Negro, Marco; Giannone, Domenico; Giannoni, Marc Paolo - In: Brookings papers on economic activity : BPEA (2017) 1, pp. 235-294

Persistent link: https://www.econbiz.de/10011791811

Interest rate, liquidity, and sovereign risk : derivative-based VaR

Gubareva, Mariya; Borges, Maria Rosa - In: Journal of risk finance : the convergence of financial … 18 (2017) 4, pp. 443-465

Persistent link: https://www.econbiz.de/10011782760

The liquidity premium of near-money assets

Nagel, Stefan - In: The quarterly journal of economics 131 (2016) 4, pp. 1927-1971

Persistent link: https://www.econbiz.de/10011710135

Liquidity Effects and the Monetary Transmission Mechanism

Christiano, Lawrence J. - 1992

liquidity effects. This paper discusses the basic frictions and mechanisms underlying this new class of models and investigates … long-lasting, quantitatively significant liquidity effects, as well as persistent increases in aggregate economic activity …

Persistent link: https://www.econbiz.de/10012475008

Self Control and Commitment : Can Decreasing the Liquidity of a Savings Account Increase Deposits?

Beshears, John - 2015

If individuals have self-control problems, they may take up commitment contracts that restrict their spending. We experimentally investigate how contract design affects the demand for commitment contracts. Each participant divides money between a liquid account, which permits unrestricted...

Persistent link: https://www.econbiz.de/10012457194

The Liquidity Premium of Near-Money Assets

Nagel, Stefan - 2014

Treasury bills and other near-money assets provide owners with liquidity service benefits that are reflected in prices … in the form of a liquidity premium. I relate time variation in this liquidity premium to changes in the opportunity cost … of money: The liquidity service benefits of near-money assets are more valuable when short-term interest rates are high …

Persistent link: https://www.econbiz.de/10012458401

Optimal Public Debt Management and Liquidity Provision

Angeletos, George-Marios - 2013

We study the Ramsey policy problem in an economy in which firms face a collateral constraint. Issuing more public debt alleviates this friction by increasing the aggregate quantity of collateral. In so doing, however, the issuance of more debt also raises interest rates, which in turn increases...

Persistent link: https://www.econbiz.de/10012459861