Deciphering the Liquidity and Credit Crunch 2007-08

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

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Year of publication:	2015
Authors:	Brunnermeier, Markus K.
Publisher:	[S.l.] : SSRN
Subject:	Bankenkrise \| Banking crisis \| Finanzkrise \| Financial crisis \| Insolvenz \| Insolvency \| Hypothek \| Mortgage

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Extent:	1 Online-Ressource (33 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 17, 2008 erstellt
Other identifiers:	10.2139/ssrn.1317454 [DOI]
Classification:	E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; G2 - Financial Institutions and Services
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014211927