A tractable model of indirect asset liquidity

DOI10.1016/J.JET.2016.12.009zbMath1400.91348OpenAlexW2216397776MaRDI QIDQ508401

Athanasios Geromichalos, Lucas Herrenbrueck

Publication date: 10 February 2017

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

Full work available at URL: http://repec.dss.ucdavis.edu/rails/active_storage/blobs/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBWUU9IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--79c4db671beb9cc8c5d37ad302cf333fc0db93e7/15-3.pdf

zbMATH Keywords

monetary policyasset pricesmonetary-search modelsasset liquiditymonetary aggregates

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Derivative securities (option pricing, hedging, etc.) (91G20)

Related Items (10)

Liquidity and asset prices in a monetary model with OTC asset markets ⋮ On the optimal quantity of liquid bonds ⋮ Frictional asset markets and the liquidity channel of monetary policy ⋮ INSIDE MONEY, INVESTMENT, AND UNCONVENTIONAL MONETARY POLICY ⋮ Coexistence of money and interest-bearing bonds ⋮ A tractable model of monetary exchange with ex post heterogeneity ⋮ Liquidity and private information in asset markets: to signal or not to signal ⋮ Frictional asset reallocation under adverse selection ⋮ The role of trading frictions in financial markets ⋮ Adverse selection and costly information acquisition in asset markets

Cites Work

• Money and capital as competing media of exchange
• Money, credit and banking
• Economic monetary aggregates. An application of index number and aggregation theory
• Societal benefits of illiquid bonds.
• DEGREASING THE WHEELS OF FINANCE
• A search-theoretic model of the term premium
• Trade Dynamics in the Market for Federal Funds
• Over-the-Counter Markets

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