Abstract

References (45)

Beta

Citations (21)

Beta

One-Click Download | Share | Email | Add to Briefcase

Deciphering the Liquidity and Credit Crunch 2007-08

Markus K. Brunnermeier
Princeton University - Department of Economics

December 17, 2008

Abstract:
This paper summarizes and explains the main events of the liquidity and credit crunch in 2007-08. Starting with the trends leading up to the crisis, I explain how these events unfolded and how four different amplification mechanisms magnified losses in the mortgage market into large dislocations and turmoil in financial markets.

Keywords: Financial Crisis, Bubbles, Liquidity, Liquidity Spirals, Credit Crunch

JEL Classifications: E5, G2

Working Paper Series

Date posted: December 19, 2008 ; Last revised: December 24, 2008

Suggested Citation

Brunnermeier, Markus K., Deciphering the Liquidity and Credit Crunch 2007-08 (December 17, 2008). Available at SSRN: http://ssrn.com/abstract=1317454

Export to: Export Citation What's this?

Contact Information

Markus Konrad Brunnermeier (Contact Author)

Princeton University - Department of Economics ( email )

Bendheim Center for Finance
Princeton, NJ United States
609-258-4050 (Phone)
609-258-0771 (Fax)

HOME PAGE: http://www.princeton.edu/¡markus

Feedback to SSRN (Beta)

Paper statistics

Abstract Views: 2,576
Downloads: 1,135
Download Rank: 3,251

45

21

People who downloaded
this paper also downloaded:

1. Understanding the Subprime Mortgage Crisis
By Yuliya Demyanyk and Otto Van Hemert

2. Systemic Risk
By Steven Schwarcz

3. Financial Crisis and Credit Crunch as a Result of Inefficient Financial Intermediation--with Reference to the Asian Financial Crisis
By Jorge Chan-Lau and Zhaohui Chen

More >

© 2010 Social Science Electronic Publishing, Inc. All Rights Reserved. FAQ Terms of Use Privacy Policy Copyright
This page was served by apollo6 in 0.234 seconds.