Global Economic System: How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises

Title: Global Economic System: How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises Author: George Chacko ISBN: 9780137050123 Publisher: Ft Pr Published: 2011 Binding: Hardcover Language: English Condition: Used: Near Fine Excellent, unmarked copy with little wear and tight binding. We ship in recyclable American-made mailers. 100% money-back guarantee on all orders. B 1647925 Publisher Description: Written for financial professionals, the authors thoroughly explain the modern global credit system; the roles of banks, hedge funds, insurers, central banks, mortgage markets, and other participants; and the credit-related instruments they rely on. In particular, the authors illuminate the crucial importance of liquidity, and show why liquidity failures have been the key cause of all major market crashes for the past several decades. "The Global Financial System" t