How to stop a herd of running bears? : market response to policy initiatives during the global financial crisis /
This paper examines the impact of macroeconomic and financial sector policy announcements during the recent crisis on interbank credit and liquidity risk premia. Announcements of interest rate cuts, liquidity support, liability guarantees, and recapitalization were associated with a reduction of int...
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| Format: | Book |
| Language: | English |
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[Washington, D.C.] :
International Monetary Fund, Research Dept.,
2009
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| Series: | IMF working paper ;
WP/09/204 |
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