Firm entry and liquidity

Lenno Uuskyla ()
Authors registered in the RePEc Author Service: Lenno Uusküla ()

No 2007-06, Bank of Estonia Working Papers from Bank of Estonia

Abstract: 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.

Keywords: monetary transmission; firm entry; VAR; VECM; Estonia (search for similar items in EconPapers)
JEL-codes: E52 C32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent, nep-mac, nep-mic and nep-tra
Date: 2007-08-26, Revised 2007-08-26
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