Borio, Claudio E. V. - In: CESifo economic studies : CESifo, a joint initiative of … 56 (2010) 1, pp. 70-95
What are liquidity crises? And what can be done to address them? This short article brings together some personal reflections on this issue, largely based on previous work. In the process, it questions a number of commonly held beliefs that have become part of the conventional wisdom. The...