Financial Market Liquidity and the Financial Crisis: An Assessment Using UK Data

被引：2
|
作者：
Martin, Christopher [1 ]
Milas, Costas [2 ]
机构：
[1] Univ Bath, Dept Econ, Bath BA2 7AY, Avon, England
[2] Keele Univ, Keele, Staffs, England
来源：
INTERNATIONAL FINANCE | 2010年 / 13卷 / 03期
关键词：
UNIT-ROOT; INTEREST-RATES; STOCK RETURNS; MODEL; ADJUSTMENT; TESTS; US;
D O I：
10.1111/j.1468-2362.2010.01269.x
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
A steady increase in financial market liquidity followed by a rapid reduction played a central role in the financial crisis that began in 2007. We present empirical evidence that the marked rise in liquidity in 2001-07 was due to large and persistent current account deficits and loose monetary policy.
引用
收藏
页码：443 / 459
页数：17
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