Banking Crises, Liquidity, and Credit Lines - A Macroeconomic Perspective (Hardcover)

This book examines banking crises from the perspective of liquidity, offering a theoretical analysis that also sets the recent global financial crisis in its historical perspective.

Liquidity in the context of a banking crisis can refer either to currency or flexible goods. This book explores both views, arguing that a liquidity problem should be seen as an increased demand for currency. The book also addresses the question of whether systemic panic bank runs are always a case of market failure.

The volume examines where and how the market can fail in taking care of the liquidity problem, and explores the government 's role, offering suggestions for a new policy framework. This book will be of great interest to students and researchers in the field of banking and finance, as well as to practitioners and policy makers.

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