Firm entry and liquidity

This paper shows that fewer firms enter after a contractionary liquidity shock and that firm entry reacts quicker to liquidity than the economic activity indicator. The results are obtained by using Estonian data for the period 1995M1–2006M7. Various structural VAR and VECM models are exploited to identify the liquidity shock.

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Year of publication:	2007-08-26
Authors:	Uuskyla, Lenno
Institutions:	Eesti Pank
Subject:	monetary transmission \| firm entry \| VAR \| VECM \| Estonia

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Extent:	application/pdf
Series:	Bank of Estonia Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2007-06
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; C32 - Time-Series Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005650110