1 option
Haircuts / Gary B. Gorton, Andrew Metrick.
- Format:
- Book
- Author/Creator:
- Gorton, Gary B.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w15273.
- NBER working paper series no. w15273
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2009.
- Summary:
- When "confidence" is lost, "liquidity dries up." We investigate the meaning of "confidence" and "liquidity" in the context of the current financial crisis. The financial crisis is a manifestation of an age-old problem with private money creation, banking panics. We explain this and provide some evidence with respect to the current crisis.
- Notes:
- Print version record
- August 2009.
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