Liquidity Risk and the Ongoing Recession

On July 19, 2011, in Lehman Brothers, liquidity, by Jon Lewis

The Global Economic System: How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises.  George Chacko, Carolyn L. Evans, Hans Gunawan, and Anders Sj√∂man.  FT Press 2011, pp.269, $34.99   It has been nearly three years since Lehman Brothers filed for bankruptcy protection.  Unemployment nevertheless remains close to 10%, the housing market has not [...]

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