1.

Record Nr.

UNINA9910808192603321

Autore

Holmström Bengt

Titolo

Inside and outside liquidity / / Bengt Holmström and Jean Tirole

Pubbl/distr/stampa

Cambridge, Mass., : MIT Press, ©2011

ISBN

1-283-11910-2

9786613119100

0-262-29553-9

Descrizione fisica

1 online resource (263 p.)

Altri autori (Persone)

TiroleJean

Disciplina

338.4/3

Soggetti

Liquidity (Economics)

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Leverage -- A simple model of liquidity demand -- Aggregate liquidity shortages and liquidity premia -- A liquidity asset pricing model (LAPM) -- Public provision of liquidity in a closed economy -- Is there still scope for public liquidity provision when firms have access to global capital markets? -- Financial muscle and overhoarding of liquidity -- Specialized inputs and secondary markets -- Epilogue: summary and concluding thoughts on the subprime crisis.

Sommario/riassunto

In this volume, leading economists Bengt Holmström and Jean Tirole develop a theory explaining the demand for a supply of liquid assets.