Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Global Economic System: How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises

The Global Economic System: How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises

Evans, Carolyn
Gunawan, Hans
Chacko, George

Paperback

EconomicsInvesting & Finance

Publisher Price: $34.99

ISBN10: 0134119711
ISBN13: 9780134119717
Publisher: FT Press
Published: Jun 12 2011
Pages: 288
Weight: 0.71
Height: 0.61 Width: 5.37 Depth: 8.25
Language: English
Written for financial professionals, the authors thoroughly explain the modern global credit system; the roles of banks, hedge funds, insurers, central banks, mortgage markets, and other participants; and the credit-related instruments they rely on. In particular, the authors illuminate the crucial importance of liquidity, and show why liquidity failures have been the key cause of all major market crashes for the past several decades. The Global Financial System thoroughly examines economic environments in which slow de-leveraging leads to prolonged sluggish growth, and compares today's environment to other periods of deleveraging, such as the Great Depression and the Japanese economic meltdown of the '90s and '00s. It predicts potential pathways for the current crisis, and offers essential guidance to both policymakers and investment decision-makers.

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