This Book is in Good Condition. Clean Copy With Light Amount of Wear. 100% Guaranteed. Summary: One important cause of the 2007-2009 crisis was illiquidity combined with exposure of many financial institutions to liquidity needs. But what is liquidity and why is it so important for financial institutions to command enough liquidity? This book brings together classic articles and recent contributions to this important field. Buchnummer des Verkäufers
Inhaltsangabe: Financial crises have been pervasive for many years. Their frequency in recent decades has been double that of the Bretton Woods Period (1945-1971) and the Gold Standard Era (1880-1993), comparable only to the period during the Great Depression. Nevertheless, the financial crisis that started in the summer of 2007 came as a great surprise to most people. What initially was seen as difficulties in the U.S. subprime mortgage market, rapidly escalated and spilled over first to financial markets and then to the real economy. The crisis changed the financial landscape worldwide and its full costs are yet to be evaluated.
One important reason for the global impact of the 2007-2009 financial crisis was massive illiquidity in combination with an extreme exposure of many financial institutions to liquidity needs and market conditions. As a consequence, many financial instruments could not be traded anymore, investors ran on a variety of financial institutions particularly in wholesale markets, financial institutions and industrial firms started to sell assets at fire sale prices to raise cash, and central banks all over the world injected huge amounts of liquidity into financial systems.
But what is liquidity and why is it so important for firms and financial institutions to command enough liquidity? This book brings together classic articles and recent contributions to this important field of research. It provides comprehensive coverage of the role of liquidity in financial crises and is divided into five parts: (i) liquidity and interbank markets; (ii) the public provision of liquidity and regulation; (iii) money, liquidity and asset prices; (iv) contagion effects; (v) financial crises and currency crises.
Über den Autor:
Franklin Allen is the Nippon Life Professor of Finance and Professor of Economics at the Wharton School of the University of Pennsylvania. He has been on the faculty since 1980. He is currently Co-Director of the Wharton Financial Institutions Center. He is a past President of the American Finance Association.
Elena Carletti is Professor of Economics at the European University Institute and Joint Chair of the Economics Department and Robert Schuman Center for Advanced Studies.
Jan Pieter Krahnen is Chair of Corporate Finance at Johann Wolfgang Goethe-University Frankfurt.
Marcel Tyrell is Professor of Entrepreneurship & Finance at Zeppelin University, Friedrichshafen
Buchbeschreibung Oxford University Press 2011-01-21, 2011. Hardcover. Buchzustand: Fair. 1. 0195390709 No dust jacket. Text is clean and unmarked! Has a small black line on bottom/exterior edge of pages. Tracking is not available for orders shipped outside of the United States. **Heavier books will require additional postage for International** PA Sales Tax is included in purchase price. Buchnummer des Verkäufers OX39HC13JUL-NDJ-0195390709
Buchbeschreibung Oxford University Press, USA, 2011. Hardcover. Buchzustand: New. Buchnummer des Verkäufers DADAX0195390709
Buchbeschreibung Oxford University Press, 2011. Hardcover. Buchzustand: New. book. Buchnummer des Verkäufers 0195390709
Buchbeschreibung Oxford Univ Pr, 2011. Hardcover. Buchzustand: Brand New. 1st edition. 720 pages. 10.00x7.00x2.00 inches. In Stock. Buchnummer des Verkäufers 0195390709
Buchbeschreibung Oxford University Press. Buchzustand: Good. 0195390709 May have signs of use, may be ex library copy. Book Only. Used items do not include access codes, cd's or other accessories, regardless of what is stated in item title. Buchnummer des Verkäufers Z0195390709Z3
Buchbeschreibung Hardback. Buchzustand: Muy Bueno / Very Good. Buchnummer des Verkäufers 100000000643913