Liquidity and Crises

by Franklin Allen (Editor), ElenaCarletti (Editor), JanPieterKrahnen (Editor), Marcel Tyrell (Editor)

• New

  Paperback
  2011

  $66.88

  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.