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- W1556965132 abstract "This paper explores empirically the fluctuations of money demand arising from financial markets. Fluctuations in financial markets' liquidity are reflected in interest rates and asset returns. The paper uses daily data on the Swiss franc and other currencies from January 1, 1980 until December 31, 1987, and is based on a priori knowledge on the timing of liquidity shocks. In the empirical analysis I ask whether at the time liquidity shocks occur ‘abnormal” rates of return can be observed in the foreign exchange markets." @default.
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- W1556965132 date "1994-02-01" @default.
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- W1556965132 title "Monetary policy, liquidity, and foreign exchange markets" @default.
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- W1556965132 doi "https://doi.org/10.1016/0304-3932(94)90014-0" @default.
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