Book section icon

Book section

Liquidity, default and the interaction of financial stability and monetary policy

Abstract:

“Default is to macro-economics what sin is to theology: regrettable but central and essential”. The contemporaneous assessment of both liquidity and default within a framework of missing financial markets, multiple currencies, heterogeneous economic actors (i.e., investors, firms and intermediaries) and multiple externalities is warranted for analysing the interplay of financial and price stability. Thus, the complementarity and substitutability of regulatory and monetary policies can be iden...

Expand abstract
Publication status:
Published
Peer review status:
Peer reviewed
Version:
Accepted Manuscript

Actions


Access Document


Files:
Publisher copy:
10.1017/9781108529549.010

Authors


More by this author
Department:
St Edmund Hall
Role:
Author

Contributors

Role:
Editor
Role:
Editor
Role:
Editor
Publisher:
Cambridge University Press Publisher's website
Pages:
153-168
Host title:
Changing Fortunes of Central Banking
Publication date:
2018-03-01
Acceptance date:
2017-04-28
DOI:
Pubs id:
pubs:692268
URN:
uri:9a424b55-12c7-4952-9cd0-53e09823eb2b
UUID:
uuid:9a424b55-12c7-4952-9cd0-53e09823eb2b
Local pid:
pubs:692268
ISBN:
9781108529549

Terms of use


Metrics


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP