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A tractable model of indirect asset liquidity

Herrenbrueck, Lucas; Geromichalos, Athanasios - 2015

Assets have "indirect liquidity" if they cannot be used as media of exchange, but can be traded to obtain a medium of exchange (money) and thereby inherit monetary properties. This essay describes a simple dynamic model of indirect asset liquidity, provides closed form solutions for real and...

Persistent link: https://www.econbiz.de/10011429961

Monetary policy, asset prices, and liquidity in over-the-counter markets

Geromichalos, Athanasios; Herrenbrueck, Lucas - In: Journal of money, credit and banking : JMCB 48 (2016) 1, pp. 35-79

Persistent link: https://www.econbiz.de/10011516501

A tractable model of indirect asset liquidity

Herrenbrueck, Lucas; Geromichalos, Athanasios - In: Journal of economic theory 168 (2017), pp. 252-260

Persistent link: https://www.econbiz.de/10011747486

Asset safety versus asset liquidity

Geromichalos, Athanasios; Herrenbrueck, Lucas; Lee, Sukjoon - In: Journal of political economy 131 (2023) 5, pp. 1172-1212

Persistent link: https://www.econbiz.de/10014303163

Why a pandemic recession boosts asset prices

Herrenbrueck, Lucas - In: Journal of mathematical economics 93 (2021), pp. 1-9

Persistent link: https://www.econbiz.de/10013184994

Why a pandemic recession should boost asset prices : (. . . according to standard economic theory)

Herrenbrueck, Lucas - 2020

Persistent link: https://www.econbiz.de/10012319260

Over-the-counter trade and the value of assets as collateral

Geromichalos, Athanasios; Lee, Jiwon; Lee, Seungduck; … - In: Economic theory : official journal of the Society for … 62 (2016) 3, pp. 443-475

Persistent link: https://www.econbiz.de/10011528796

Heterogeneous asset valuation in OTC markets and optimal inflation

Geromichalos, Athanasios; Jung, Kuk Mo - In: Journal of economic dynamics & control 161 (2024), pp. 1-21

Persistent link: https://www.econbiz.de/10015050031