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International Finance Discussion Papers
The International Finance Discussion Papers logo links to the International Finance Discussion Papers home page The Liquidity Premium in Average Interest Rates
Wilbur John Coleman II, Christian Gilles, and Pamela Labadie
1992-432  (June 1992)

Abstract:  This paper studies recent models of the liquidity effect of money on interest rates to determine if a systematic relationship between liquidity shocks and the economy could affect the average real interest rate.

Full paper(283 KB PDF)

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Last update: October 16, 2008