Book section
Liquidity, default and the interaction of financial stability and monetary policy
- Abstract:
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“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...
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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- Files:
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(Accepted manuscript, pdf, 387.7KB)
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- Publisher copy:
- 10.1017/9781108529549.010
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Authors
Contributors
+ Hartmann, P
Role:
Editor
+ Huang, H
Role:
Editor
+ Schoenmaker, D
Role:
Editor
Bibliographic Details
- 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:
- Source identifiers:
-
692268
- ISBN:
- 9781108529549
Item Description
- Pubs id:
-
pubs:692268
- UUID:
-
uuid:9a424b55-12c7-4952-9cd0-53e09823eb2b
- Local pid:
- pubs:692268
- Deposit date:
- 2017-05-04
Terms of use
- Copyright holder:
- Hartmann et al
- Copyright date:
- 2018
- Notes:
-
This is the accepted manuscript version of the chapter. The final version is available online from Cambridge University Press at: https://doi.org/10.1017/9781108529549.010
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