Advanced Search
MyIDEAS: Login

Liquidity risk and credit in the financial crisis

Contents:

Author Info

  • Philip E. Strahan
Registered author(s):

    Abstract

    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.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.frbsf.org/publications/economics/letter/2012/el2012-15.html
    Download Restriction: no
    File URL: http://www.frbsf.org/publications/economics/letter/2012/el2012-15.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Federal Reserve Bank of San Francisco in its journal FRBSF Economic Letter.

    Volume (Year): (2012)
    Issue (Month): May 14 ()
    Pages:

    as in new window
    Handle: RePEc:fip:fedfel:y:2012:i:may14:n:2012-15

    Contact details of provider:
    Postal: P.O. Box 7702, San Francisco, CA 94120-7702
    Phone: (415) 974-2000
    Fax: (415) 974-3333
    Email:
    Web page: http://www.frbsf.org/
    More information through EDIRC

    Order Information:
    Email:
    Web: http://www.frbsf.org/popups/fiporder.html

    Related research

    Keywords: Liquidity (Economics) ; Credit ; Financial crises - United States;

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Todd Keister & James J. McAndrews, 2009. "Why are banks holding so many excess reserves?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, issue Dec.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:fip:fedfel:y:2012:i:may14:n:2012-15

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diane Rosenberger).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.