Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/79935
Authors: 
El-Shagi, Makram
Kelly, Logan
Year of Publication: 
2013
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2013: Wettbewerbspolitik und Regulierung in einer globalen Wirtschaftsordnung - Session: Measuring debt crisis phenomena in Europe F19-V1
Abstract: 
While there has been some debate over the usefulness of monetary aggregates, there has been surprisingly little discussion of the actual implications for liquidity. In this paper, we provide an approximation of the liquidity development in six Euro area countries from 2003 to 2012. We show that properly measured monetary aggregates contain significant information about liquidity risk.
JEL: 
C43
E40
G01
Document Type: 
Conference Paper

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