Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73291
Authors: 
Scharler, Johann
Year of Publication: 
2007
Series/Report no.: 
Working Paper, Department of Economics, Johannes Kepler University of Linz 0718
Abstract: 
This paper assesses how the financial system influences the strength of the liquidity effect in a calibrated limited participation model of the monetary transmission mechanism. The model suggests that bankbased systems should be characterized by smaller liquidity effects since monetary injections are spread out over a larger number of firms.
Subjects: 
limited participation
transmission mechanism
financial systems
JEL: 
E32
E52
E58
Document Type: 
Working Paper

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