Liquidity, assets prices and financial policy. Financial Analysts Journal, v. 47, n. 6, p. 56-66, 1991.AMIHUD, Y., MENDELSON, H., 1991. Liquidity, asset prices and financial policy. Financial Analysts Journal, November- December 1991....
asset pricesGVAR analysismonetary policyThe appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price bubbles in asset markets...
The Telegraphic Transmission of Financial Asset Prices and Orders to Trade: Implications for Economic Growth, Trading Volume, and Securities Market Regulation This paper delineates how the telegraph was used in the financial services sector in the United States, and considers the implications of this ...
Asset Prices, Financial Instability, and Monetary Policy. This section discusses the role of asset prices in the setting of monetary policy being debated in both central banking and academic circles in the afterma... Bean,Charles,R. - 《American Economic Review》 被引量: 115发表: 2004年 ...
I develop an asset-pricing model in which financial assets are valued for their liquidity - the extent to which they are useful in facilitating exchange - ... R Lagos - 《Staff Report》 被引量: 465发表: 2006年 Liquidity and Asset Prices We show in an exchange economy with liquidity constr...
Liquidity Risk and Financial Competition: Implications on Asset Prices and Monetary Policy Liquidity riskThis paper studies the implications of banking competition for capital markets and monetary policy. In particular, I develop a two-sector ... EA Ghossoub - 《European Economic Review》 被引量: ...
Concepts of liquidity are presented, before exploring the nature of the relationship between liquidity and asset prices. The ways in which liquidity can both contribute to and undermine financial stability are set out, and highlight how, when a shock hits the economy or financial system, the ...
When actions affect prices, and prices affect actions, the loop thus created can generate amplified responses--both in creating bubble-like booms in asset prices, and also in magnifying distress episodes in downturns. 展开 关键词: Marking to market accounting regime monetary policy financial ...
themarketfor a particular asset, forcing theownerto sell it for less than its actualvalue. Liquidity risk may be quantified as the difference between an asset's value and thepriceat which it can likely be sold. It is highest forlightly tradedsecuritiesand smallissues, as well as during a...
monetary policyThis article offers a fundamental critique of monetary policy implemented in the United States following the 2007鈥 8 global financial crisis. It aims to show that the misunderstanding of the mainstream theoretical thinking underlying monetary policy actions led to the ineffectiveness of ...