Financial market liquidity and the financial crisis: An assessment using UK data

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

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.
Original languageEnglish
Pages (from-to)443-459
Number of pages17
JournalInternational Finance
Volume13
Issue number3
DOIs
Publication statusPublished - 2010

Fingerprint

monetary policy
financial market
liquidity
financial crisis
current account
deficit
evidence
Current account deficit
Liquidity
Empirical evidence
Market liquidity
Financial crisis
Financial markets
Monetary policy

Cite this

Financial market liquidity and the financial crisis: An assessment using UK data. / Martin, Christopher; Milas, C.

In: International Finance, Vol. 13, No. 3, 2010, p. 443-459.

Research output: Contribution to journalArticle

@article{90e14940b48745a0b417a594b2b010e5,
title = "Financial market liquidity and the financial crisis: An assessment using UK data",
abstract = "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.",
author = "Christopher Martin and C Milas",
year = "2010",
doi = "10.1111/j.1468-2362.2010.01269.x",
language = "English",
volume = "13",
pages = "443--459",
journal = "International Finance",
issn = "1367-0271",
publisher = "Wiley-Blackwell",
number = "3",

}

TY - JOUR

T1 - Financial market liquidity and the financial crisis: An assessment using UK data

AU - Martin, Christopher

AU - Milas, C

PY - 2010

Y1 - 2010

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=78650367354&partnerID=8YFLogxK

UR - http://dx.doi.org/10.1111/j.1468-2362.2010.01269.x

U2 - 10.1111/j.1468-2362.2010.01269.x

DO - 10.1111/j.1468-2362.2010.01269.x

M3 - Article

VL - 13

SP - 443

EP - 459

JO - International Finance

JF - International Finance

SN - 1367-0271

IS - 3

ER -