A Monetary Model of Bilateral Over-the-Counter Markets
收藏NBER2018-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25239
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资源简介：
We develop a model of monetary exchange in bilateral over-the-counter markets to study the effects of monetary policy on asset prices and financial liquidity. The theory predicts asset prices carry a speculative premium that reflects the asset's marketability and depends on monetary policy and the
提供机构：
美国国家经济研究局
创建时间：
2018-11-01
