Financial Alchemy in Crisis: The Great Liquidity Illusion by Anastasia Nesvetailova
English | ISBN 10: 0745328776 | 2010 | PDF | 144 pages | 1,7 MB
In July 2007, the combination of a seemingly unstoppable rise in house prices and bullish banks swimming in liquidity meant that almost anyone could get a mortgage in the UK or US. Little more than a month later the supply of credit dried up practically overnight, leaving the world wondering how bank liquidity could suddenly vanish.