Journal Article
Haircuts
Abstract: ?When confidence is lost, liquidity dries up.? The authors investigate the meaning of ?confidence? and ?liquidity? in the context of the recent financial crisis, which they maintain is a manifestation of an age-old problem with private money creation: banking panics. The authors explain this problem and provide some evidence with respect to the recent crisis.
Access Documents
File(s):
File format is application/pdf
https://fraser.stlouisfed.org/title/review-federal-reserve-bank-st-louis-820/november-december-2010-620770
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Review
Publication Date: 2010
Volume: 92
Issue: Nov
Pages: 507-520