Private and Public Supply of Liquidity

Bengt Holmstrom and Jean Tirole

Working papers from Massachusetts Institute of Technology (MIT), Department of Economics

Abstract: This paper addresses a basic, yet unresolved question : Do claims on private assets provide sufficient liquidity for an efficient functioning of the productive sector? Or does the State have a role in creating liquidity and regulating it either through adjustments in the stock of government securities or by other means?

Keywords: LIQUIDITY; GOVERNMENT POLICY; MONETARY POLICY (search for similar items in EconPapers)
JEL-codes: E44 E52 (search for similar items in EconPapers)
Pages: 42 pages
Date: 1996
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Citations: View citations in EconPapers (11)

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Journal Article: Private and Public Supply of Liquidity (1998)
Working Paper: Private and Public Supply of Liquidity (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:mit:worpap:96-21

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