orooji, zeinab

[ 1 ] - Liquidity Demand of Heterogeneous Firms in the Economy of Iran: Microfoundation Approach

One of the main reasons in economic recession is the liquidity constraints of economic firms. When external finance becomes expensive for firms, money demand will act as a buffer stock. Actually, firms reduce unfavorable effect of liquidity constraints by holding money. In this study, after extracting firms liquidity demand function based on micro foundations and creating an index for firms liq...