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Demand for Risky Asset under Regulation

Jaang Daehong
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Jaang Daehong: Hallym University

Korean Economic Review, 1990, vol. 6, issue 2, 19-30

Abstract: Negative association between liquidity or the velocity of money and the real demand for risky asset under a partially regulated environment has been demonstrated. These relationships are, however, shown to be different depending on the types of the restrictions and the sources of excess credit. The crucial links derive from the transactions demand for money, which can be a direct function of the controlled parameters of regulation.

Date: 1990
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