Liquidity and Financial Institutions in the Postwar Period, by John G. Gurley. Profits, Profit Markups, and Productivity: an Examination of Corporate Behavior Since 1947, by Edwin Kuh. Materials Prepared in Connection with the Study of Employment, Growth, and Price Levels for Consideration by the Joint Economic Committee, Congress of the United States. Study Papers Nos. 14 and 15


Book Description










Liquidity and Crises


Book Description

One important cause of the 2007-2009 crisis was illiquidity combined with exposure of many financial institutions to liquidity needs. But what is liquidity and why is it so important for financial institutions to command enough liquidity? This book brings together classic articles and recent contributions to this important field.