Arbeitspapier
The Liquidity Effect in Bank-Based and Market-Based Financial Systems
This paper assesses how the financial system influences the strength of the liquidity effect in a calibrated limited participation model of the monetary transmission mechanism. The model suggests that bankbased systems should be characterized by smaller liquidity effects since monetary injections are spread out over a larger number of firms.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 0718
- Klassifikation
-
Wirtschaft
Business Fluctuations; Cycles
Monetary Policy
Central Banks and Their Policies
- Thema
-
limited participation
transmission mechanism
financial systems
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Scharler, Johann
- Ereignis
-
Veröffentlichung
- (wer)
-
Johannes Kepler University of Linz, Department of Economics
- (wo)
-
Linz
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 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
- Scharler, Johann
- Johannes Kepler University of Linz, Department of Economics
Entstanden
- 2007
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