A conference on liquidity in frictional markets

RePEc Short ID: pha107
ORCID iD: 0000-0001-9138-2806

Haubrich, Joseph G.; Rocheteau, Guillaume; Weill, Pierre-Olivier; Wright, Randall

Discussion Paper

A conference on liquidity in frictional markets

Abstract: This Policy Discussion Paper summarizes the papers that were presented at the Liquidity in Frictional Markets conference in November 2008. The papers, which looked at markets for assets as diverse as houses, bank loans, and electronic funds transfer, all explored that amorphous concept called liquidity and how its presenceor absenceaffects the economy.

Keywords: Liquidity (Economics); Payment systems; Monetary policy;