Search: liquidity
RBA Glossary definition for liquidity
liquidity – The capacity to sell an asset quickly without significantly affecting the price of that asset. Liquidity is also sometimes used to refer to assets that are highly liquid.
Search Results
Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
15 Feb 2024
RDP
2024-01
He finds that firms with higher liquidity are more responsive than firms with lower liquidity, suggesting that financing constraints play an important role. ... This can reflect: tighter aggregate credit supply; lower asset prices which reduce borrowers'
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
References
15 Feb 2024
RDP
2024-01
Jeenas P (2023), ‘Firm Balance Sheet Liquidity, Monetary Policy Shocks, and Investment Dynamics’, Barcelona School of Economics, BSE Working Paper 1409. ... Ma C (2023), ‘Firm Liquidity and the Innovation Channel of Monetary Policy’, Job Market
https://www.rba.gov.au/publications/rdp/2024/2024-01/references.html
Literature Review
15 Feb 2024
RDP
2024-01
He finds that firms with higher liquidity are more responsive than firms with lower liquidity, suggesting that financing constraints play an important role.
https://www.rba.gov.au/publications/rdp/2024/2024-01/literature-review.html
Through Which Channels Does Monetary Policy Affect Innovation?
15 Feb 2024
RDP
2024-01
This can reflect: tighter aggregate credit supply; lower asset prices which reduce borrowers' collateral value and therefore borrowing capacity, the ‘financial accelerator channel’ (Bernanke, Gertler and Gilchrist 1999); or lower liquidity
https://www.rba.gov.au/publications/rdp/2024/2024-01/through-which-channels-does-monetary-policy-affect-innovation.html