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
SN - 1367-0271
VL - 13
SP - 443
EP - 459
JO - International Finance
JF - International Finance
IS - 3
ER -