Liquidity Dependence: Why Shrinking Central Bank Balance Sheets Is an Uphill Task | Raghuram Rajan

Rajan-led seminar dissects why balance-sheet shrinkage is hard and how liquidity affects markets.

Quantitative easingLectureexpertasset valuationsbank funding conditionscentral bank balance sheetduration riskliquidity dependencemonetary transmissionRaghuram RajanJohn TaylorJohn Cochrane

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• Hoover Institution · 2022-11-17

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