The banking crisis in 2007-10 was one amongst many such crises in
the past. This book provides a fresh approach to liquidity. It
starts from basics and gradually builds up analysis of credit lines
with few technicalities. Though the analysis is theoretical, the
book provides a historical background, a macroeconomic perspective,
and policy implications. An integrated view of the pre-1983 and the
post-1983 literature is provided. A solution to the related problem
of sudden outflow of funds from emerging economies is also
suggested.
General
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