語系:
繁體中文
English
說明(常見問題)
登入
回首頁
切換:
標籤
|
MARC模式
|
ISBD
Essays on Financial Intermediation a...
~
ProQuest Information and Learning Co.
Essays on Financial Intermediation and Liquidity.
紀錄類型:
書目-語言資料,手稿 : Monograph/item
正題名/作者:
Essays on Financial Intermediation and Liquidity./
作者:
Li, Ye.
面頁冊數:
1 online resource (223 pages)
附註:
Source: Dissertation Abstracts International, Volume: 79-02(E), Section: A.
Contained By:
Dissertation Abstracts International79-02A(E).
標題:
Finance. -
電子資源:
click for full text (PQDT)
ISBN:
9780355396768
Essays on Financial Intermediation and Liquidity.
Li, Ye.
Essays on Financial Intermediation and Liquidity.
- 1 online resource (223 pages)
Source: Dissertation Abstracts International, Volume: 79-02(E), Section: A.
Thesis (Ph.D.)
Includes bibliographical references
This dissertation studies the demand and supply of liquidity with a particular focus on the financial intermediation sector. The first essay analyzes the role of financial intermediaries as suppliers of inside money. The demand for money arises from the needs of nonfinancial corporations to buffer liquidity shocks. The dynamic interaction between inside money supply and demand gives rise to a mechanism of financial instability that puts the procyclicality of intermediary leverage at the center. Introducing outside money, in the form of government debt, can be counterproductive, as it may amplify the procyclicality of inside money creation and intermediary leverage, making booms more fragile and crises more stagnant.
Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018
Mode of access: World Wide Web
ISBN: 9780355396768Subjects--Topical Terms:
559073
Finance.
Index Terms--Genre/Form:
554714
Electronic books.
Essays on Financial Intermediation and Liquidity.
LDR
:03141ntm a2200361Ki 4500
001
909051
005
20180419104825.5
006
m o u
007
cr mn||||a|a||
008
190606s2017 xx obm 000 0 eng d
020
$a
9780355396768
035
$a
(MiAaPQ)AAI10638324
035
$a
(MiAaPQ)columbia:14292
035
$a
AAI10638324
040
$a
MiAaPQ
$b
eng
$c
MiAaPQ
099
$a
TUL
$f
hyy
$c
available through World Wide Web
100
1
$a
Li, Ye.
$3
1179561
245
1 0
$a
Essays on Financial Intermediation and Liquidity.
264
0
$c
2017
300
$a
1 online resource (223 pages)
336
$a
text
$b
txt
$2
rdacontent
337
$a
computer
$b
c
$2
rdamedia
338
$a
online resource
$b
cr
$2
rdacarrier
500
$a
Source: Dissertation Abstracts International, Volume: 79-02(E), Section: A.
500
$a
Adviser: Tano Santos.
502
$a
Thesis (Ph.D.)
$c
Columbia University
$d
2017.
504
$a
Includes bibliographical references
520
$a
This dissertation studies the demand and supply of liquidity with a particular focus on the financial intermediation sector. The first essay analyzes the role of financial intermediaries as suppliers of inside money. The demand for money arises from the needs of nonfinancial corporations to buffer liquidity shocks. The dynamic interaction between inside money supply and demand gives rise to a mechanism of financial instability that puts the procyclicality of intermediary leverage at the center. Introducing outside money, in the form of government debt, can be counterproductive, as it may amplify the procyclicality of inside money creation and intermediary leverage, making booms more fragile and crises more stagnant.
520
$a
The second essay addresses an issue that is left out in the first essay -- the interaction between money and credit. It offers a model of macroeconomy where intermediaries are needed for both money and credit creation. Specifically, entrepreneurs hold money to finance new projects, while intermediaries issue money backed by investments in existing projects. The complementarity between money and credit arises from financial frictions and amplifies economic fluctuations.
520
$a
In the third essay, my coauthors and I model the liquidity demand of banks. To buffer liquidity shocks, banks hold central bank reserves and can borrow reserves from each other. The propagation of liquidity shocks, depend on the topology of interbank credit network, but more importantly, on the type of equilibrium on the network (strategic complementarity vs. substitution). The model is estimated using data on reserves, interbank credit, bank balance sheets, and macroeconomic variables. We propose a method to identify banks that contribute the most to systemic risk, and offer policy guidance by comparing the decentralized outcome with the choice of a benevolent planner.
533
$a
Electronic reproduction.
$b
Ann Arbor, Mich. :
$c
ProQuest,
$d
2018
538
$a
Mode of access: World Wide Web
650
4
$a
Finance.
$3
559073
655
7
$a
Electronic books.
$2
local
$3
554714
690
$a
0508
710
2
$a
ProQuest Information and Learning Co.
$3
1178819
710
2
$a
Columbia University.
$b
Business.
$3
1179075
773
0
$t
Dissertation Abstracts International
$g
79-02A(E).
856
4 0
$u
http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10638324
$z
click for full text (PQDT)
筆 0 讀者評論
多媒體
評論
新增評論
分享你的心得
Export
取書館別
處理中
...
變更密碼[密碼必須為2種組合(英文和數字)及長度為10碼以上]
登入