Where has all the Money Gone?
AbstractThis paper explains how modern developments in lending and liquidity management using short-term secured lending contributed to the process of financial sector expansion prior to the financial crisis and its subsequent unwinding. It focuses upon the role of the non-regulated financial sector, and aims to assist readers to understand the answer to the commonly asked question: where has all the money gone? It draws some lessons and policy implications and identifies a number of regulatory issues emerging as the subject for debate. Copyright (c) 2009 The Economic Society of Australia.
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Bibliographic InfoArticle provided by The Economic Society of Australia in its journal Economic Papers: A journal of applied economics and policy.
Volume (Year): 28 (2009)
Issue (Month): 3 (09)
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- Reinhart, Carmen & Rogoff, Kenneth, 2009.
"Banking Crises: An Equal Opportunity Menace,"
CEPR Discussion Papers
7131, C.E.P.R. Discussion Papers.
- Markus K. Brunnermeier, 2009. "Deciphering the Liquidity and Credit Crunch 2007-2008," Journal of Economic Perspectives, American Economic Association, vol. 23(1), pages 77-100, Winter.
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