Showing 1 - 10 of 84
Persistent link: https://www.econbiz.de/10000658619
Persistent link: https://www.econbiz.de/10000658621
Persistent link: https://www.econbiz.de/10003716808
Persistent link: https://www.econbiz.de/10003338197
One of Keynes' core issues in his liquidity preference theory is how fundamental uncertainty affects the propensity to hold money as a liquid asset. The paper critically assesses various formal representations of fundamental uncertainty and provides an argument for a more boundedly rational...
Persistent link: https://www.econbiz.de/10003886826
One of Keynes’ core issues in his liquidity preference theory is how fundamental uncertainty affects the propensity to hold money as a liquid asset. The paper critically assesses various formal representations of fundamental uncertainty and provides an argument for a more bounded rational...
Persistent link: https://www.econbiz.de/10003905066
The paper presents a simple model of banking behavior where portfolio, liquidity, and liability management determine simultaneously the demand and supply of borrowed reserves on the interbank market. As the central bank is one player in this market due to its refinancing policy, it is able to...
Persistent link: https://www.econbiz.de/10008689011
Persistent link: https://www.econbiz.de/10011398792
Persistent link: https://www.econbiz.de/10003211161
Persistent link: https://www.econbiz.de/10003211181