1 edition of demand for liquid assets found in the catalog.
demand for liquid assets
Edgar L. Feige
|LC Classifications||HG255 .F36|
|The Physical Object|
|Pagination||xii, 91 p.|
|Number of Pages||91|
|LC Control Number||64018418|
The dollars status as the worlds reserve currency has been reconfirmed on a unprecedented scale this week as banks and businesses globally race to ensure they have cash available to fund themselves for an extended for the dollar has seen new lows against a basket of Asian currencies. The income elasticities for liquid assets are greater than 1 except for the demand deposit income elasticity () estimated by the Da Silva method. In Output , Output , and Output , the coefficient estimates (–, –, and –) of demand deposits (RD) imply that demand deposits increase.
Two leading economists develop a theory explaining the demand for and supply of liquid assets. Why do financial institutions, industrial companies, and households hold low-yielding money balances, Treasury bills, and other liquid assets? When and to what extent can the state and international financial markets make up for a shortage of liquid assets, allowing agents to save and share risk more. We presented an inventory model for the demand of liquid assets that allows for the possibility that, in addition to a continuous (deterministic or random) component, the law of motion for the liquid assets might record a jump when left controlled. These jumps may be caused by lumpy expenditures, such as the purchase of durable goods by by:
Cash and other liquid assets such as demand deposits or treasury bills that an individual possesses (1 point) 4. An expense that does not vary from one time period to the next (1 point) 5. To obtain a new loan for something on different terms, often involving the paying off of an existing high–interest loan by means of a new, lower–interest. Liquidity as a term is defined as the ability to buy or sell assets in the market without causing a drastic change in the assets price. Liquidity can refer to two different areas: liquid markets and liquid assets. A liquid market is a market that has a lot of trading activity, with many individuals willing to trade.
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The Demand for Liquid Assets: A Temporal Cross-section Analysis Hardcover – January 1, by EDGAR L. FEIGE (Author)5/5(1).
In more modern terminology, the subject is asset-pricing and the demand for liquid assets. What follows is neither an exegesis of Value and Capital nor an attempt to develop a new theory. It is simply a re-examination of some old questions from the point of view of the modern theory of asset-pricing, as developed by Lucas () and : Douglas Gale.
The recent period of capital outflows from emerging economies has coincided with an increase in their corporate saving.
In this paper, we model corporate saving as a demand for liquid assets by credit-constrained firms in a dynamic open-economy macroeconomic model.
We find that the implications of this model are very different from standard models, because the demand for foreign bonds is a. Downloadable. In the recent decade, capital outflows from emerging economies, in the form of a demand for liquid assets, have played a key role in the context of global imbalances.
In this paper, we model the demand for liquid assets by firms in a dynamic open-economy macroeconomic model. We find that the implications of this model are very different from standard models, because the demand. The Demand for liquid assets book for Liquid Assets: A Firm Level Analysis* GREGORY A.
FALLS PAUL A. NATKE Central Michigan University Mt. Pleasant, Michigan I. Introduction Analysts have exerted considerable effort attempting to demonstrate that the firm demand for liquid assets (or money) conforms to microeconomic theory.
The theory itself is splintered along. The research for stable demand for liquid financial assets function continues to dominate the attention of researchers and economists in developed and developing countries.
This part of this paper is devoted to study the available literature on the subject of demand for liquid financial assets. of results for "liquid assets book" Skip to main search results Amazon Prime. Eligible for Free Shipping. Free Shipping by Amazon. The Demand for Liquid Assets: A Temporal Cross-section Analysis.
by Edgar L. Feiger | Jan 1, out of 5 stars 1. Hardcover. By definition, a liquid asset is a financial asset that the owner can convert into cash, ideally without the asset losing any value. Good examples of liquid assets include the following: Cash or.
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Liquid assets generally tend to have liquid markets with high levels of demand and security. Businesses record liquid assets in the current assets portion of their balance sheet. The income elasticities for liquid assets are greater than 1 except for the demand deposit income elasticity () estimated by the Da Silva method.
In OutputOutput and Outputthe coefficient estimates (,and ) of demand deposits (RD) imply that demand deposits increase significantly as. el of liquid assets c hosen b y a bank. In con trast, all other theories assume that banks are risk neutral. The second group of theories analyzes the determinan ts of credit supply and dep osit demand, viewing liquid assets as the residual bet w een, on the one hand, the bank's equit y and liabilitie s, and on the other hand, the credit p ortfolio.
These t w. Paul Natke, "The firm demand for liquid assets in an inflationary environment," Applied Economics, Taylor & Francis Journals, vol. 33(4), pages Maurice Mann, "How does monetary policy affect the economy?," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Oct, pages THIS EXPANDED VERSION OF LIQUID ASSETS includes 36 new pages and a portfolio of color photos detailing infrastructure projects, watershed protection programs, conservation efforts and recreation and historic preservation initiatives launched since the book was first published in In Liquid Assets, author Diane Galusha traces the ongoing.
Liquid assets consist of cash, cash equivalents or anything that can easily be converted into cash. A liquid asset can easily be bought and sold in the marketplace with high : Paulina Likos. Get this from a library. The demand for liquid assets: a temporal cross-section analysis. [Edgar L Feige].
The Demand for Liquid Assets: Evidence from the Min⁄ex Laurent Demand System with Conditionally Heteroscedastic Errors Dongfeng Chang School of Economics Shandong University Jinan, Shandong and Apostolos Serletisy Department of Economics University of Calgary Calgary, Alberta T3A 0Y6 Forthcoming in: Macroeconomic Dynamics October 9, A liquid asset can easily be bought and sold in the marketplace with high demand.
But an illiquid asset cannot be easily sold due to a lack of demand from investors. A nonliquid asset. Liquid assets refer to any assets a business has that can be converted to cash without losing its value. In the following examples, we’ll cover liquid assets common to small businesses: For example, a dog walking small business owner has $ in her checking account and $ in physical cash from when clients paid her in person/5(41).
In macroeconomic theory, liquidity preference is the demand for money, considered as concept was first developed by John Maynard Keynes in his book The General Theory of Employment, Interest and Money () to explain determination of the interest rate by the supply and demand for money.
The demand for money as an asset was theorized to depend on the interest foregone by not. Receivables is an asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers.
Receivables are recorded by a. The demand for liquid assets comes from infinitely lived credit-constrained entrepreneurs who have investment projects that last two periods. Entrepreneurs need to install their capital one period before producing, so capital is a long-term asset while bonds are short-term by: Liquid Assets book.
Read reviews from world’s largest community for readers. In this volume, Smith traces the development of Britain's suprisingly rich s /5.