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56 p, 754.0 KB Search-based endogenous asset liquidity and the macroeconomy / Cui, Wei, 1970- ; Radde, Soeren
We develop a search-theory of asset market liquidity which gives rise to endogenous financing constraints in an otherwise standard dynamic general equilibrium model. Asset liquidity describes the ease of issuance and re-saleability of private financial claims for a certain price. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2017 (ADEMU Working Paper Series ; 61)  

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