International Liquidity and the Financial Crisis

Business & Finance, Economics, Macroeconomics, Nonfiction, Social & Cultural Studies, Political Science
Cover of the book International Liquidity and the Financial Crisis by Dr William A. Allen, Cambridge University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Dr William A. Allen ISBN: 9781139854351
Publisher: Cambridge University Press Publication: January 3, 2013
Imprint: Cambridge University Press Language: English
Author: Dr William A. Allen
ISBN: 9781139854351
Publisher: Cambridge University Press
Publication: January 3, 2013
Imprint: Cambridge University Press
Language: English

In the ongoing financial crisis, policy makers have for the most part appeared to be reactive, formulating emergency solutions as events unfold. However, in contrast to their performance during the Great Depression, central banks around the world, led by the Federal Reserve, acted decisively following the collapse of Lehman Brothers and provided huge injections of liquidity into the financial markets, thereby preventing a far worse outcome. International Liquidity and the Financial Crisis compares the 2008 crisis with the disaster of 1931 and explores the similarities and differences. It considers the lasting effects of the crisis on international liquidity, the possibilities for an international lender of last resort, and the enlargement of the International Monetary Fund after the crisis. It shows that there is no clear demarcation between monetary and macro-prudential policies, and discusses how central banks need to adapt to a new environment in which global liquidity is much scarcer.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

In the ongoing financial crisis, policy makers have for the most part appeared to be reactive, formulating emergency solutions as events unfold. However, in contrast to their performance during the Great Depression, central banks around the world, led by the Federal Reserve, acted decisively following the collapse of Lehman Brothers and provided huge injections of liquidity into the financial markets, thereby preventing a far worse outcome. International Liquidity and the Financial Crisis compares the 2008 crisis with the disaster of 1931 and explores the similarities and differences. It considers the lasting effects of the crisis on international liquidity, the possibilities for an international lender of last resort, and the enlargement of the International Monetary Fund after the crisis. It shows that there is no clear demarcation between monetary and macro-prudential policies, and discusses how central banks need to adapt to a new environment in which global liquidity is much scarcer.

More books from Cambridge University Press

Cover of the book Modern Economic Regulation by Dr William A. Allen
Cover of the book The Politics and Ethics of Identity by Dr William A. Allen
Cover of the book Genocide and the Europeans by Dr William A. Allen
Cover of the book Violent Capitalism and Hybrid Identity in the Eastern Congo by Dr William A. Allen
Cover of the book The US Supreme Court and the Modern Common Law Approach by Dr William A. Allen
Cover of the book Shakespeare, Computers, and the Mystery of Authorship by Dr William A. Allen
Cover of the book The Georgia Peach by Dr William A. Allen
Cover of the book Quantum Error Correction by Dr William A. Allen
Cover of the book World War I and the American Constitution by Dr William A. Allen
Cover of the book The Many Panics of 1837 by Dr William A. Allen
Cover of the book Darwinian Sociocultural Evolution by Dr William A. Allen
Cover of the book Sanctions, Statecraft, and Nuclear Proliferation by Dr William A. Allen
Cover of the book Colloquial English by Dr William A. Allen
Cover of the book Goal-based Reasoning for Argumentation by Dr William A. Allen
Cover of the book Searching for a 'Principle of Humanity' in International Humanitarian Law by Dr William A. Allen
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy