Arbeitspapier
Excess capital and liquidity management
These notes present a new approach to corporate finance, one in which financing is not determined by prospective income streams but by financing opportunities, liquidity considerations, and prospective capital gains. This approach substantially modifies the traditional view of high interest rates as a discouragement to speculation; the Keynesian and Post-Keynesian theory of liquidity preference as the opportunity cost of investment; and the notion of the liquidity premium as a factor in determining the rate of interest on longer-term maturities.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 549
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Toporowski, Jan
- Ereignis
-
Veröffentlichung
- (wer)
-
Levy Economics Institute of Bard College
- (wo)
-
Annandale-on-Hudson, NY
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Toporowski, Jan
- Levy Economics Institute of Bard College
Entstanden
- 2008
Ähnliche Objekte (12)
Measures of excess liquidity
Can Excess Liquidity Signal an Asset Price Boom?
Precautionary liquidity shocks, excess reserves and business cycles
What is global excess liquidity, and does it matter?
Liquidity traps, capital flows
M3 Money Demand and Excess Liquidity in the Euro Area
M3 money demand and excess liquidity in the euro area
Endogenous liquidity and capital reallocation
Liquidity coinsurance and bank capital
Liquidity transformation and bank capital requirements
Capital regulation, market-making, and liquidity
Bank Capital, Liquidity and Systemic Risk
Measures of excess liquidity
Can Excess Liquidity Signal an Asset Price Boom?
Precautionary liquidity shocks, excess reserves and business cycles
What is global excess liquidity, and does it matter?
Liquidity traps, capital flows
M3 Money Demand and Excess Liquidity in the Euro Area
M3 money demand and excess liquidity in the euro area
Endogenous liquidity and capital reallocation
Liquidity coinsurance and bank capital
Liquidity transformation and bank capital requirements
Capital regulation, market-making, and liquidity
Bank Capital, Liquidity and Systemic Risk
Measures of excess liquidity
Can Excess Liquidity Signal an Asset Price Boom?
Precautionary liquidity shocks, excess reserves and business cycles
What is global excess liquidity, and does it matter?
Liquidity traps, capital flows
M3 Money Demand and Excess Liquidity in the Euro Area
M3 money demand and excess liquidity in the euro area
Endogenous liquidity and capital reallocation
Liquidity coinsurance and bank capital
Liquidity transformation and bank capital requirements
Capital regulation, market-making, and liquidity