Causes of the Financial Crisis: An Assessment using UK Data
Reference:
Martin, C. and Milas, C., 2009. Causes of the Financial Crisis: An Assessment using UK Data. Working Paper. Bath, UK: Department of Economics, University of Bath. (Bath Economics Research Working Papers; 18/09)
Related documents:
![[img]](http://opus.bath.ac.uk/style/images/fileicons/application_pdf.png)
| PDF (1809.pdf) - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader Download (115kB) | Preview |
Official URL:
http://www.bath.ac.uk/economics/research/workingpapers.html
Abstract
We present empirical evidence that the marked rise in liquidity in 2001-2007 was due to large and persistent current account deficits and loose monetary policy. If this increase in liquidity was a pre-condition for the financial crisis that began in July 2007, we can conclude that loose monetary and the deterioration in current account balances were causes of the financial crisis.
Details
| Item Type | Reports/Papers (Working Paper) |
| Creators | Martin, C.and Milas, C. |
| Uncontrolled Keywords | liquidity, monetary policy, financial crisis, global imbalances |
| Departments | Faculty of Humanities & Social Sciences > Economics |
| Research Centres | Bath Economics Research |
| Status | Unpublished |
| ID Code | 15961 |
| Additional Information | ID number: 18/09 |
Export
Actions (login required)
| View Item |
