International liquidity and the financial crisis /
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 followi...
Cambridge University Press,
- The domestic liquidity crisis in the USA
- International liquidity crises outside of the USA
- Effects on financial markets outside the USA
- The theory of central banking before the crisis and the practice of central banking during the crisis
- Swap lines
- Which countries received swap lines?
- Did the swap providers achieve their objectives?
- How did the swap lines affect the recipients?
- Propagation and scale of the 1931 crisis
- The management of the 1931 crisis
- A comparison of 1931 and 2008
- International liquidity management.