Liquidity and asset prices in a monetary model with OTC asset markets

DOI10.1016/J.JET.2015.11.001zbMath1369.91136OpenAlexW2167512060MaRDI QIDQ282160

Ed Nosal, Fabrizio Mattesini

Publication date: 12 May 2016

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2015.11.001

zbMATH Keywords

asset pricinginflationliquidityOTC markets

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (3)

On the optimal quantity of liquid bonds ⋮ Frictional asset markets and the liquidity channel of monetary policy ⋮ Adverse selection and costly information acquisition in asset markets

Cites Work

• Search-based models of money and finance: an integrated approach
• A tractable model of indirect asset liquidity
• Outside versus inside bonds: a Modigliani-Miller type result for liquidity constrained economies
• Collateral secured loans in a monetary economy
• Money, credit and banking
• Societal benefits of illiquid bonds.
• Money and prices: A model of search and bargaining
• DEGREASING THE WHEELS OF FINANCE
• Liquidity and Asset Prices
• Liquidity in Asset Markets With Search Frictions
• Over-the-Counter Markets

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