Managing Liquidity

This paper studies how liquidity management affects asset markets and aggregate economic performance. We explore the connection between liquidity allocation and capital allocation. The policy that changes the liquidity premia on assets has broad implications for private-sector behavior and market ef...

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Bibliographic Details
Published in:Management science 2023-09, Vol.69 (9), p.5578-5595
Main Authors: Zeng, Zhixiong, Jin, Yi
Format: Article
Language:English
Subjects:
Allocation
Assets
Capital
Debt
Economic conditions
Economic performance
Efficiency
Efficient markets
Interest rates
Liquidity
liquidity premium
Management science
Markets
misallocation
Policy making
Public debt
Resource allocation
Risk assessment
Citations: Items that this one cites
Online Access:Get full text
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