Articles liés à Monetary Policy during Liquidity Crises: A Study on...

Monetary Policy during Liquidity Crises: A Study on the Limitations of Monetary Policy in the Event of Liquidity Constrained Commercial Banks - Couverture souple

Derksen, Stefan

 
9783843356084: Monetary Policy during Liquidity Crises: A Study on the Limitations of Monetary Policy in the Event of Liquidity Constrained Commercial Banks
Couverture souple
ISBN 10 : 3843356084 ISBN 13 : 9783843356084
Editeur : LAP LAMBERT Academic Publishing, 2010

Synopsis

The 2007 US subprime mortgage crisis caused uncertainty on stock markets worldwide and eventually resulted in the collapse of large financial institutions, the bailout of commercial banks by national governments, and a deep worldwide recession. Central banks influence the allocation of financial resources through monetary policy decisions. This book discusses the role of commercial banks in the monetary policy transmission mechanism during liquidity crises. The empirical research presented in this book suggests that during a liquidity crisis expansionary monetary policy has only limited potential to stimulate economic activity. The current state of the both the US and European economies seems to illustrate this point. Despite the historically low interest rates in both the US and Europe (i.e. extreme expansionary monetary policy), the global economy is only slowly recovering from the recession, which fuels the fear for a so-called ?double dip recession?. An earlier version of this book was submitted in partial fulfillment of the requirements for the degree of Master of Science in Finance at Tilburg University, the Netherlands.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

The 2007 US subprime mortgage crisis caused uncertainty on stock markets worldwide and eventually resulted in the collapse of large financial institutions, the bailout of commercial banks by national governments, and a deep worldwide recession. Central banks influence the allocation of financial resources through monetary policy decisions. This book discusses the role of commercial banks in the monetary policy transmission mechanism during liquidity crises. The empirical research presented in this book suggests that during a liquidity crisis expansionary monetary policy has only limited potential to stimulate economic activity. The current state of the both the US and European economies seems to illustrate this point. Despite the historically low interest rates in both the US and Europe (i.e. extreme expansionary monetary policy), the global economy is only slowly recovering from the recession, which fuels the fear for a so-called ?double dip recession?. An earlier version of this book was submitted in partial fulfillment of the requirements for the degree of Master of Science in Finance at Tilburg University, the Netherlands.

Biographie de l'auteur

Obtained a BA in Economics from University College Utrecht (cum laude); an MSc in Finance from Tilburg University (cum laude); and an LLM in Dutch Law from Utrecht University (cum laude). Currently Attorney at law at De Brauw Blackstone Westbroek N.V., Amsterdam (the Netherlands).

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2010
Langue
anglais
ISBN 10 
3843356084
ISBN 13 
9783843356084
Reliure
Broché
Nombre de pages
76
Coordonnées du fabricant
non disponible
Personne responsable
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