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Monetary Liquidity and International Capital Flows

  • Marcel Wiedmann
Chapter
Part of the Contributions to Economics book series (CE)

Abstract

The concept of liquidity can be interpreted in many different ways and liquidity measures differ widely. However, as this chapter shows, there is no best liquidity measure that fulfills all purposes. Instead, the important point is to choose a measure that is in line with the objectives of the study. Therefore, the aim of this chapter is to derive a bundle of liquidity measures, which cover stock market relevant monetary aspects. This chapter is structured as follows.

Keywords

Central Bank Money Supply European Central Bank Money Demand Cash Holding 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  1. 1.McKinsey and CompanyStuttgartGermany

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