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Policy Discussion Papers

A Conference on Liquidity in Frictional Markets

This Policy Discussion Paper summarizes the papers that were presented at the Liquidity in Frictional Markets conference in November 2008. The papers, which looked at markets for assets as diverse as houses, bank loans, and electronic funds transfer, all explored that amorphous concept called “liquidity” and how its presence—or absence—affects the economy.
Suggested Citation

Haubrich, Joseph G., Guillaume Rocheteau, Pierre-Olivier Weill, and Randall Wright. 2009. “A Conference on Liquidity in Frictional Markets.” Federal Reserve Bank of Cleveland, Policy Discussion Papers No. 26.