Jump to ContentJump to Main Navigation
The Fall and Rise of Keynesian Economics$
Users without a subscription are not able to see the full content.

John Eatwell and Murray Milgate

Print publication date: 2011

Print ISBN-13: 9780199777693

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199777693.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 22 October 2018

Liquidity and Financial Crises

Liquidity and Financial Crises

Chapter:
(p.21) 2 Liquidity and Financial Crises
Source:
The Fall and Rise of Keynesian Economics
Author(s):

John Eatwell

Murray Milgate

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780199777693.003.0002

This chapter clarifies what liquidity is, what constitutes a liquid market, how liquidity expands and contracts, and the relationship between liquidity and monetary and financial policy. A liquid market is a market in which there is both “adjective” liquidity and “noun” liquidity in evidence. The “adjective” and “noun” liquidity are combined and driven by financial innovation, which induces the expansion of liquidity and creates entirely new risks that are often misunderstood until manifested in a sudden loss of liquidity.

Keywords:   liquidity, liquid market, monetary, financial policy, adjective liquidity, noun liquidity, financial innovation

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .