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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: E52 E44 (search for similar items in EconPapers)
Pages: 42 pages
Date: 1996
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Journal Article: Private and Public Supply of Liquidity (1998) Downloads
Working Paper: Private and Public Supply of Liquidity (1996) Downloads
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MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), DEPARTMENT OF ECONOMICS, 50 MEMORIAL DRIVE CAMBRIDGE MASSACHUSETTS 02142 USA

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