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 in the United States, the United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia. Announcements of interest rate cuts, liquidity support, liability guara...
| Corporate Author: | |
|---|---|
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2009.
|
| Series: | IMF Working Papers; Working Paper ;
No. 2009/204 |
| Online Access: | Full text available on IMF |