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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.

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Appendix D: Tests for Declining Liquidity Constraints

1 Dec 1995 RDP 9512
Guy Debelle and Bruce Preston
RDP 9512: Consumption, Investment and International Linkages Appendix D: Tests for Declining Liquidity Constraints. ... Download the Paper 172. KB. Table 8: Unit Normal Tests of the Hypothesis of Declining Liquidity Constraints.
https://www.rba.gov.au/publications/rdp/1995/9512/appendix-d.html

Consumption, Investment and International Linkages

1 Dec 1995 RDP 9512
Guy Debelle and Bruce Preston
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1995/9512.html

The Models

1 Dec 1995 RDP 9512
Guy Debelle and Bruce Preston
The Bayoumi and MacDonald (1994) specification not only captures this channel but also the offsetting channel of changing foreign liquidity constraints. ... finance. Consequently, similarly to liquidity-constrained consumers, for some firms, current
https://www.rba.gov.au/publications/rdp/1995/9512/models.html

Consumption, Investment and International Linkages

1 Dec 1995 RDP 9512
Guy Debelle and Bruce Preston
Research Discussion Paper – RDP 9512 Consumption, Investment and International Linkages. Guy Debelle and Bruce Preston. December 1995. 172. KB. We thank David Gruen and Geoff Shuetrim for comments. The views expressed in this paper are those of
https://www.rba.gov.au/publications/rdp/1995/9512/

Conclusion

1 Dec 1995 RDP 9512
Guy Debelle and Bruce Preston
Estimation of the consumption equation provided evidence that the degree of liquidity constraints has declined in the deregulated period in Australia.
https://www.rba.gov.au/publications/rdp/1995/9512/conclusion.html

Results

1 Dec 1995 RDP 9512
Guy Debelle and Bruce Preston
The decline in the point estimates potentially captures the effect of financial deregulation in reducing liquidity constraints encountered by some portion of the economy. ... The estimates can be interpreted as suggesting that the proportion of current
https://www.rba.gov.au/publications/rdp/1995/9512/results.html

Introduction

1 Dec 1995 RDP 9512
Guy Debelle and Bruce Preston
The two approaches are theoretically similar, relying on capital market imperfections: in the case of consumption, a fraction of consumers are assumed to be ‘rule-of-thumb’ consumers or liquidity constrained ... As a byproduct of this approach, we
https://www.rba.gov.au/publications/rdp/1995/9512/introduction.html