Liquidity Lost
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Author | : Paul Langley |
Publisher | : |
Total Pages | : 235 |
Release | : 2015 |
Genre | : Business & Economics |
ISBN | : 0199683786 |
The interventions of crisis management during the 2007 to 2011 financial crisis were not simply responses to a set of given developments in markets, banking or neo-liberal capitalism. Nor can those interventions be adequately explained as the actions of sovereign state officials and institutions. Instead, Langley argues, processes of crisis governance are shown to have established six principal technical problems to be acted upon: liquidity, toxicity, solvency, risk, regulation, and debt and that the governance of these technical problems, is shown to have been strategically assembled in order to secure the continuation of a particular, financialized way of life that depends upon global financial circulations. Contributing to interdisciplinary debates in cultural economy and the social studies of finance, and grounded in extensive empirical research, this book offers an innovative analysis of how the contemporary global financial crisis was governed. Through an exploration of the interventions made by central banks, treasuries, and regulatory authorities in the Anglo-American heartland of the crisis between 2007 and 2011, experimental and strategic apparatuses of crisis governance are shown to have emerged. These discrete apparatuses established the six technical problems to be acted upon, but also shared certain proclivities and preferences. Crisis governance assembled discourses and devices of economy in relation with sovereign monetary, fiscal, and regulatory techniques, and elicited an affective atmosphere of confidence. It also sought to secure the financialized way of life which turns on the opportunities ostensibly afforded by uncertain financial circulations, and gave rise to post-crisis technical fixes designed to advance the resilience of banking and the macro-prudential regulation of financial stability. Thus, the consensus that prevails across economics, political economy, and beyond - wherein sovereign state institutions are cast as coming to the rescue of the markets, banking, or neo-liberal capitalism - conceals a great deal more than it reveals about the governance of the global financial crisis.
Author | : Laurence M. Ball |
Publisher | : Cambridge University Press |
Total Pages | : 297 |
Release | : 2018-06-07 |
Genre | : Business & Economics |
ISBN | : 1108420966 |
This book sets the record straight on why the Federal Reserve failed to rescue Lehman Brothers during the financial crisis.
Author | : Kirsten Grind |
Publisher | : Simon and Schuster |
Total Pages | : 401 |
Release | : 2013-07-16 |
Genre | : Business & Economics |
ISBN | : 1451617933 |
Based on reporting for which the author was named a finalist for the Pulitzer Prize and the Gerald Loeb Award, this book traces the rise and spectacular fall of Washington Mutual.
Author | : United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry |
Publisher | : |
Total Pages | : 716 |
Release | : 1990 |
Genre | : Commodity exchanges |
ISBN | : |
Author | : United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry |
Publisher | : |
Total Pages | : 500 |
Release | : 1990 |
Genre | : |
ISBN | : |
Author | : United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry |
Publisher | : |
Total Pages | : 502 |
Release | : 1990 |
Genre | : |
ISBN | : |
Author | : John E. Baiden |
Publisher | : Xlibris Corporation |
Total Pages | : 408 |
Release | : 2021-02-10 |
Genre | : Business & Economics |
ISBN | : 1664155333 |
This book is based upon the author’s study, and thesis submitted at Thomas Jefferson School of law. The intent of the study or research was to test or verify the author’s hypothesis, thus “unstable currencies equals an unstable country” by understudying currencies in top ten countries and bottom ten countries ranked in the 2016 World Prosperity Index and Fragile States Index 2016; to determine whether there is a co-relationship between stable or unstable currencies and a country’s prosperity or failure/ misery. ‘The Value of Offshore Banking to the Global Financial System’; ‘Inflation Targeting, why the value of money matters to you’, and ‘Exchange Traded Funds’ are the author’s previous books. Thanks for your patronage.
Author | : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs |
Publisher | : |
Total Pages | : 120 |
Release | : 1994 |
Genre | : Business & Economics |
ISBN | : |
Author | : Prasanna Gai |
Publisher | : OUP Oxford |
Total Pages | : 147 |
Release | : 2013-03-28 |
Genre | : Business & Economics |
ISBN | : 019165406X |
Systemic Risk opens new ground in the study of financial crises. It treats the financial system as a complex adaptive system and shows how lessons from network disciplines - such as ecology, epidemiology, and statistical mechanics - shed light on our understanding of financial stability. Using tools from network theory and economics, it suggests that financial systems are robust-yet-fragile, with knife-edge properties that are greatly exacerbated by the hoarding of funds and the fire sale of assets by banks. This book studies the damaging network consequences of the failure of large inter-connected institutions, explains how key funding markets can seize up across the entire financial system, and shows how the pursuit of secured finance by banks in the wake of the global financial crisis can generate systemic risks. The insights are then used to model banking systems calibrated to data to illustrate how financial sector regulators are beginning to quantify financial system stress.
Author | : Mr.Christian H Ebeke |
Publisher | : International Monetary Fund |
Total Pages | : 48 |
Release | : 2021-03-02 |
Genre | : Business & Economics |
ISBN | : 1513570919 |
The spread of COVID-19, containment measures, and general uncertainty led to a sharp reduction in activity in the first half of 2020. Europe was hit particularly hard—the economic contraction in 2020 is estimated to have been among the largest in the world—with potentially severe repercussions on its nonfinancial corporations. A wave of corporate bankruptcies would generate mass unemployment, and a loss of productive capacity and firm-specific human capital. With many SMEs in Europe relying primarily on the banking sector for external finance, stress in the corporate sector could easily translate into pressures in the banking system (Aiyar et al., forthcoming).