Modelling the flow of funds with an application to the demand for liquid assets by the UK personal sector

Autor:	D. G. Barr, K. Cuthbertson
Rok vydání:	1990
Předmět:	Finance Flow of funds business.industry media_common.quotation_subject Public policy Business Global assets under management Private sector Financial services Market liquidity Interest rate media_common Fiscal policy
Zdroj:	Economic Modelling at the Bank of England ISBN: 9789401066747
DOI:	10.1007/978-94-009-0419-4_8
Popis:	The impacts of changes in financial variables on the real sector are major issues in monetary economics. Broadly speaking, changes in financial variables may arise from government policy, from external events and from changes in behaviour by the private sector. Fiscal policy and open-market operations by the authorities cause changes in domestic interest rates which are also strongly influenced by changes in foreign interest rates. Innovation in the provision of financial services initiated either by government legislation (e.g. Financial Services Act 1986) or by marketing considerations (e.g. entry of banks into the home loans market) may also lead to a re-allocation of portfolios and a change in relative interest rates.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::f79e074313e29aedf911277e19e66d85 https://doi.org/10.1007/978-94-009-0419-4_8 Zobrazit plný text záznamu