Olof Palme i sin tid

I samtidshistoriska frågor nr 1 presenteras utgångspunkter och preliminär inriktning för projektet Olof Palme i sin tid. Projektet är ett samarbete mellan statsvetare och historiker i Stockholm, Göteborg och Örebro och har sin hemvist vid Samtidshistoriska institutet vid Södertörns högskola. Det har också utvecklats i nära samarbete med Arbetarrörelsens arkiv och bibliotek, där merparten av Olof Palmes arkiv finns samlat

Avslutning

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Money and Liquidity in Financial Markets

We argue that there is a connection between the interbank market for liquidity and the broader financial markets, which has its basis in demand for liquidity by banks. Tightness in the interbank market for liquidity leads banks to engage in what we term "liquidity pull-back," which involves selling financial assets either by banks directly or by levered investors. Empirical tests support this hypothesis. While our data covers part of the recent crisis period, our results are not driven by the crisis. Our general point is that money matters in financial markets. Different financial assets have different degrees of moneyness (liquidity) and, as a result, there are systematic cross-sectional variations in trading activity as the price of liquidity, or the level of tightness, in the interbank market fluctuates.interbank and financial markets; liquidity; liquidity pull-back; money