Acharya, Viral V. (contributor); Viswanathan, S. (contributor) - 2007
features of financial crises such as
the linkage between market and funding liquidity and deep discounts observed in prices … about boundless global
liquidity supporting risky assets, driving risk premiums to virtually nothing, and now everybody is … financial system from one with abundance of global liquidity to one with a severe glut. Our
model clarifies that financial …