Monetary Liquidity and International Capital Flows

Marcel Wiedmann ()
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Marcel Wiedmann: McKinsey and Company

Chapter Chapter 4 in Money, Stock Prices and Central Banks, 2011, pp 33-54 from Springer

Abstract: Abstract The concept of liquidity can be interpreted in many different ways and liquidity measures differ widely. However, as this chapter shows, there is no best liquidity measure that fulfills all purposes. Instead, the important point is to choose a measure that is in line with the objectives of the study. Therefore, the aim of this chapter is to derive a bundle of liquidity measures, which cover stock market relevant monetary aspects. This chapter is structured as follows.

Keywords: Central Bank; Money Supply; European Central Bank; Money Demand; Cash Holding (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-7908-2647-0_4

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DOI: 10.1007/978-3-7908-2647-0_4

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