Liquidity effects and transactions technologies. (includes related articles): An article from: Journal of Money, Credit & Banking

This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on November 1, 1995. The length of the article is 6719 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Recently there has been growing interest in using general equilibrium models to understand the effects of monetary policy on interest rates and real economic activity. This research effort has involved the search for models that generate liquidity effects. One branch of this research employs cash-in-advance constraints and various assumptions about financial structures that place infinite transactions costs on flow of funds across segmented markets. In this paper we relax the assumption of infinite transactions costs and find that liquidity effects either disappear or are greatly dampened when transaction technologies are more appropriately specified. (Printed by permission of the publisher.)

Citation Details
Title: Liquidity effects and transactions technologies. (includes related articles)
Author: Michael Dotsey
Publication:Journal of Money, Credit & Banking (Refereed)
Date: November 1, 1995
Publisher: Ohio State University Press
Volume: v27 Issue: n4 Page: p1441(31)

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