Inside and outside liquidity - Holmstrom, Bengt; Tirole, Jean. (Cambridge, Mass. MIT Press, 2011)
Leverage -- A simple model of liquidity demand -- Aggregate liquidity shortages and liquidity premia -- A liquidity asset pricing model (LAPM) -- Public provision of liquidity in a closed economy -- Is there still scope for public liquidity provision when firms have access to global capital markets? -- Financial muscle and overhoarding of liquidity -- Specialized inputs and secondary markets -- Epilogue: summary and concluding thoughts on the subprime crisis.
Acquired through Health Policy Development Program (HPDP) research grant.
Keywords: Liquidity (Economics)