This is a survey of the literature on liquidity provision through banks. I first formulate the basic model underlying the modern literature on liquidity provision for households and then introduce the more recent literature on liquidity provision through banks and markets. Then I turn to liquidity provision on the asset side of banks' balance sheets and conclude with a brief discussion of how the two sides of the balance sheet interact.
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Length: 16 pages Date of creation: Jan 2002 Date of revision: Publication status: Published in Credit, Intermediation, and the Macroeconomy. Models and Perspectives, Bhattacharya S., Boot A. and Thakor A. (eds), Oxford University Press, May 2004 Handle: RePEc:lau:crdeep:02.01