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Systemic risk and the US insurance sector

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Income inequality and redistribution in five countries

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Liquidity production in 21st century banking

Strahan, Philip E. (contributor) - 2008

"I consider banks' role in providing funding liquidity (the ability to raise cash on demand) and market liquidity (the ability to trade assets at low cost), and how these roles have evolved. Traditional banks made illiquid loans funded with liquid deposits, thus producing funding liquidity on...