LEADER 03756nam 22006972 450 001 9910779441003321 005 20151005020622.0 010 $a1-107-23741-6 010 $a1-139-85435-6 010 $a1-139-84612-4 010 $a1-139-84527-6 010 $a1-139-34284-3 010 $a1-139-84054-1 010 $a1-139-84291-9 010 $a1-283-87095-9 010 $a1-139-84172-6 035 $a(CKB)2550000000709600 035 $a(EBL)1057546 035 $a(OCoLC)822561481 035 $a(SSID)ssj0000783532 035 $a(PQKBManifestationID)11485675 035 $a(PQKBTitleCode)TC0000783532 035 $a(PQKBWorkID)10759590 035 $a(PQKB)10258355 035 $a(UkCbUP)CR9781139342841 035 $a(MiAaPQ)EBC1057546 035 $a(Au-PeEL)EBL1057546 035 $a(CaPaEBR)ebr10634020 035 $a(CaONFJC)MIL418345 035 $a(EXLCZ)992550000000709600 100 $a20120306d2013|||| uy| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aInternational liquidity and the financial crisis /$fWilliam A. Allen$b[electronic resource] 210 1$aCambridge :$cCambridge University Press,$d2013. 215 $a1 online resource (xiv, 255 pages) $cdigital, PDF file(s) 300 $aTitle from publisher's bibliographic system (viewed on 05 Oct 2015). 311 $a1-107-42032-6 311 $a1-107-03004-8 320 $aIncludes bibliographical references and index. 327 $gIntroduction --$tThe domestic liquidity crisis in the USA --$tInternational liquidity crises outside of the USA --$tEffects on financial markets outside the USA --$tThe theory of central banking before the crisis and the practice of central banking during the crisis --$tSwap lines --$tWhich countries received swap lines? --$tDid the swap providers achieve their objectives? --$tHow did the swap lines affect the recipients? --$tPropagation and scale of the 1931 crisis --$tThe management of the 1931 crisis --$tA comparison of 1931 and 2008 --$tInternational liquidity management. 330 $aIn the ongoing financial crisis, policy makers have for the most part appeared to be reactive, formulating emergency solutions as events unfold. However, in contrast to their performance during the Great Depression, central banks around the world, led by the Federal Reserve, acted decisively following the collapse of Lehman Brothers and provided huge injections of liquidity into the financial markets, thereby preventing a far worse outcome. International Liquidity and the Financial Crisis compares the 2008 crisis with the disaster of 1931 and explores the similarities and differences. It considers the lasting effects of the crisis on international liquidity, the possibilities for an international lender of last resort, and the enlargement of the International Monetary Fund after the crisis. It shows that there is no clear demarcation between monetary and macro-prudential policies, and discusses how central banks need to adapt to a new environment in which global liquidity is much scarcer. 517 3 $aInternational Liquidity & the Financial Crisis 606 $aInternational liquidity 606 $aFinancial crises 606 $aGlobal Financial Crisis, 2008-2009 615 0$aInternational liquidity. 615 0$aFinancial crises. 615 0$aGlobal Financial Crisis, 2008-2009. 676 $a332/.042 686 $aBUS039000$2bisacsh 700 $aAllen$b Bill$f1949-$01555415 801 0$bUkCbUP 801 1$bUkCbUP 906 $aBOOK 912 $a9910779441003321 996 $aInternational liquidity and the financial crisis$93817279 997 $aUNINA