Financial crash, commodity prices and global imbalances / Ricardo J. Caballero, Emmanuel Farhi, Pierre-Olivier Gourinchas.
Material type:
TextSeries: Working paper series (National Bureau of Economic Research) ; no. 14521.Publication details: Cambridge, Mass. : National Bureau of Economic Research, 2008Description: 59 p. : ill. ; 22 cmSubject(s): International finance -- History -- 21st century | Financial crises -- History -- 21st centuryLOC classification: HB1 | .N38 no. 14521Online resources: Click here to access online Summary: In this paper we argue that the persistent global imbalances, the subprime crisis, and the volatile oil and asset prices that followed it, are tightly interconnected. They all stem from a global environment where sound and liquid financial assets are in scarce supply.
| Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode |
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Book
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University of Macedonia Library Βιβλιοστάσιο Β (Stack Room B) | Research Papers | HB1.N38 no. 14521 (Browse shelf (Opens below)) | 1 | Available | 0013119058 |
Includes bibliographical references (p. 47-48).
In this paper we argue that the persistent global imbalances, the subprime crisis, and the volatile oil and asset prices that followed it, are tightly interconnected. They all stem from a global environment where sound and liquid financial assets are in scarce supply.
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