The liquidity effect in bank-based and market-based financial systems

Johann Scharler

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.

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Year of publication:	2007
Authors:	Scharler, Johann
Publisher:	Linz : Univ., Dep. of Economics
Subject:	limited participation \| transmission mechanism \| financial systems \| Finanzsektor \| Financial sector \| Geldpolitische Transmission \| Monetary transmission \| Finanzmarkt \| Financial market \| Finanzsystem \| Financial system \| Liquiditätseffekt \| Liquidity effect \| Bank \| Geldpolitik \| Monetary policy \| Finanzmarktregulierung \| Financial market regulation \| Bankenliquidität \| Bank liquidity \| Welt \| World \| Theorie \| Theory

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Extent:	Online-Ressource (16 S.)
Series:	Working paper / Department of Economics, Johannes-Kepler-Universität of Linz. - Linz-Auhof, ZDB-ID 2588176-0. - Vol. 0718
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/73291 [Handle]
Classification:	E32 - Business Fluctuations; Cycles ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009741060