Liquidity Rules and Credit Booms
收藏NBER2016-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21880
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This paper shows that liquidity regulation can trigger unintended credit booms in the presence of interbank market power. We consider a price-setter and a continuum of price-takers who trade reserves after the realization of idiosyncratic liquidity shocks. The price-takers are endogenously less
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美国国家经济研究局创建时间：
2016-01-01
