LIQUIDITY RISK: “FRBSF ECONOMIC LETTER”

May 14, 2012 at 3:07 pm | Posted in Economics, Financial, Globalization, History, USA, World-system | Leave a comment

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FRBSF Economic Letter: Liquidity Risk and Credit in the Financial Crisis‏

2012-15 May 14, 2012

Liquidity Risk and Credit in the Financial Crisis

by Philip E. Strahan
The 2007–08 financial crisis was the biggest shock to the banking system since the 1930s, raising fundamental questions about liquidity risk. The global financial system experienced urgent demands for cash from various sources, including counterparties, short-term creditors, and, especially, existing borrowers. Credit fell, with banks hit hardest by liquidity pressures cutting back most sharply. Central bank emergency lending programs probably mitigated the decline. Ongoing efforts to regulate bank liquidity may strengthen the financial system and make credit less vulnerable to liquidity shocks.

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Index of recent Economic Letters
Researchpubs.sf@sf.frb.org

Research Library
Attn: Research publications, MS 1140
Federal Reserve Bank of San Francisco
P.O. Box 7702
San Francisco, CA 94120

FRBSF Economic Research (publicweb@sf.frb.org)

Mon 5/14/12

2012

15 Liquidity Risk and Credit in the Financial Crisis
Strahan :: May 14
14 Commodity Prices and PCE Inflation
Hale • Hobijn • Raina :: May 7
13 Worker Skills and Job Quality
Neumark • Valletta :: April 30
12 Credit: A Starring Role in the Downturn
Jorda :: April 16
11 The Slow Recovery: It’s Not Just Housing
Williams :: April 9
10 Why Has Wage Growth Stayed Strong?
Daly • Hobijn • Lucking :: April 2
09 Emerging Asia: Two Paths through the Storm
Hale • Kennedy :: March 26
08 Job Creation Policies and the Great Recession
Neumark :: March 19
07 Do Fed TIPS Purchases Affect Market Liquidity?
Christensen • Gillan :: March 5
06 U.S. and Euro-Area Monetary Policy by Regions
Malkin • Nechio :: February 27
05 Mortgage Prepayment: An Avenue Foreclosed?
Laderman :: February 13
04 Government Spending: An Economic Boost?
Wilson :: February 6
03 Why Is Unemployment Duration So Long?
Valletta • Kuang :: January 30
02 The Federal Reserve and the Economic Recovery
Williams :: January 17
01 Bilateralism, Multilateralism, and Trade Rules
Evans :: January 9

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