Banking Crises, Liquidity, and Credit Lines

A Macroeconomic Perspective

By Gurbachan Singh

© 2011 – Routledge

252 pages | 1 B/W Illus.

Purchasing Options:
Paperback: 9781138798700
pub: 2014-05-18
US Dollars$54.95
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Hardback: 9780415682206
pub: 2012-04-10
US Dollars$150.00
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About the Book

The banking crisis in 2007-10 was one amongst many such crises in the past. This book provides a fresh approach to liquidity. It starts from basics and gradually builds up analysis of credit lines with few technicalities. Though the analysis is theoretical, the book provides a historical background, a macroeconomic perspective, and policy implications. An integrated view of the pre-1983 and the post-1983 literature is provided. A solution to the related problem of sudden outflow of funds from emerging economies is also suggested.

Table of Contents

1. Introduction 2. Bank Solvency and Systemic Stability 3. The Rationale for Demand Deposits (and Short-Term Funds) 4. Literature Review, and the Road Ahead 5. Near-Systemic Bank Runs, Given Flexible More-Reputed Bank 6. Systemic Bank Runs, Given Flexible Central Bank 7. Systemic Bank Runs, Given Gold Standard 8. Implications of Inelastic Supply of Desired Assets 9. Bank Runs, Portfolio Choice, and Adjustment Mechanism 10. Bank Runs, Liquidity, and Consumption Smoothing 11. Bank Runs, and the Broad Policy Framework 12. Sudden Capital Outflow, Emerging Economies, and Credit Lines 13. 100% Reserve Banking, and the Nature of Inefficiency 14. More on Banking Crisis and Liquidity 15. Theory and the Actual Experience 16. Summing Up

About the Author

Gurbachan Singh is a visiting faculty member in the Planning Unit (Department of Economics), Indian Statistical Institute (ISI), Delhi.

About the Series

Routledge International Studies in Money and Banking

This series explores the roles of money and banking in the modern world. Banking is an increasingly important and international industry, and its interaction with money is a major concern for the world's economic policy-makers.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS022000
BUSINESS & ECONOMICS / Economic Conditions
BUS051000
BUSINESS & ECONOMICS / Public Finance
BUS069020
BUSINESS & ECONOMICS / International / Economics