Artikel
Implications of the liquidity crisis in the Baltic-Nordic region
This paper provides a more thorough empirical examination of the development and determinants of the liquidity position in the financial sector during the last financial crisis in the Baltic-Nordic region, which takes into consideration the whole economic cycle. The current study serves as an extension to an ex-ante study which was made in 2010. We look at fiscal and monetary policy implications of the liquidity problems arising in the crisis and stabilization process after that. The results show that the changes (and the speed of changes) of interest rates, GDP and money supply have occurred relatively fast, meaning that the rising area of the LM curve has been shorter than theory would predict. Market reactions took place quickly and simultaneously – there was no time for the slow restructuring, thus liquidity needs were higher than generally.
- Sprache
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Englisch
- Erschienen in
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Journal: Baltic Journal of Economics ; ISSN: 2334-4385 ; Volume: 14 ; Year: 2014 ; Issue: 1-2 ; Pages: 35-54 ; London: Taylor & Francis
- Klassifikation
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Wirtschaft
Financial Crises
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Thema
-
capital flows
financial crisis
liquidity position
policy implications
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Karilaid, Ivo
Talpsepp, Tõnn
Vaarmets, Tarvo
- Ereignis
-
Veröffentlichung
- (wer)
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Taylor & Francis
- (wo)
-
London
- (wann)
-
2014
- DOI
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doi:10.1080/1406099X.2014.949603
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Karilaid, Ivo
- Talpsepp, Tõnn
- Vaarmets, Tarvo
- Taylor & Francis
Entstanden
- 2014
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