Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not uniform across maturities. As funding pressures were...

This text is an introduction and explanation of environmental issues as they relate to accounts today. Environmental concerns are of real importance to accountants because of the range of business issues they impact upon

Es ist kein Buch über Geldschöpfung im Bankensystem. Es ist eine dringende Forderung, die Wertedebatte wieder zu beleben, zu klären, wer oder was ist produktiv in einer Wirtschaft, wer oder was schöpft Werte und wer oder was vernichtet sie. Und wie ist die Rolle des Staates als...