Optimal Liquidity and Economic Stability

Working Paper No. 12/135

Nopic
Monetary aggregates are now much less used as policy instruments as identifying the right measure has become difficult and interest rate transmission has worked well in an increasingly complex financial system. In this process, little attention was paid to the potential spillover of excess liquidity. This paper suggests a notional level of... READ MORE...

Publication date: May 2012
ISBN 9781475503883
$18.00

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Publication date: May 2012

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Publication date: May 2012

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