Liquidity and Crises 2024 pdf epub mobi 電子書下載

☆☆☆☆☆
簡體網頁||繁體網頁

Liquidity and Crises pdf epub mobi 著者簡介

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

Contributors:

Tanju Yorulmazer

Federal Reserve Bank of New York

Viral Acharya

New York University

Elena Carletti

European University Institute

Professor Douglas Gale

New York University

Sudipto Bhattacharya

London School of Economics

Prof. Jan Pieter Krahnen

Goethe University

Marcel Tyrell

Goethe University

Andrea L. Eisfeldt

Northwestern University

Xavier Freixas

Universitat Pompeu Fabra

Cornelia Holthausen

European Central Bank

Bengt Holmstrom

Massachusetts Institute of Technology

Jean Tirole

Toulouse School of Economics

Gary Gorton

Yale University

Lixin Huang

Georgia State University

Mark J. Flannery

University of Florida

Rafael Repullo

The Center for Monetary and Financial Studies

Jean-Charles Rochet

Toulouse School of Economics

Xavier Vives

IESE Business School, University of Navarra

Giovanni Dell'Ariccia

International Monetary Fund

Robert Marquez

Boston University

Doug Diamond

University of Chicago

Raghuram Rajan

University of Chicago

Nobuhiro Kiyotaki

Princeton University

John Moore

The University of Edinburgh

Juan Carlos Cordoba

Rice University

Marla Ripoll

University of Pittsburgh

Guido Lorenzoni

Massachusetts Institute of Technology

Amil Dasgupta

London School of Economics

Christian Upper

Deutsche Bundesbank

Andreas Worms

Deutsche Bundesbank

Dr Philipp Hartmann

European Central Bank

Dr. Stefan Straetmans

Maastricht University

Casper G. de Vries

Erasmus University Rotterdam

Itay Goldstein

University of Pennsylvania

Arvind Krishnamurthy

Northwestern University

Ricardo Caballero

Massachusetts Institute of Technology

Liquidity and Crises pdf epub mobi 圖書描述

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 is divided into five parts. These are (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. The aim is to provide a comprehensive coverage of role of liquidity in financial crises.

Liquidity and Crises 2024 pdf epub mobi 電子書下載