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Sources of Liquidity in the Great Credit Crunch

Permanent Link: http://ncf.sobek.ufl.edu/NCFE004225/00001

Material Information

Title: Sources of Liquidity in the Great Credit Crunch
Physical Description: Book
Language: English
Creator: Brustkern, Ezekiel
Publisher: New College of Florida
Place of Publication: Sarasota, Fla.
Creation Date: 2010
Publication Date: 2010

Subjects

Subjects / Keywords: Excess Reserves
Liquidity
Banking
Recession
Genre: bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: This thesis examines the varying sources of constraint on growth of the U.S. economy following the financial crisis that started in 2007. The level of excess reserves has spiked to an all-time high and in the process has compromised the effectiveness of the money multiplier to generate growth. By comparing alternative factors affecting the level of excess reserves held by banks, a hypothetical model is created in order to test the significance of supply and demand side factors of liquidity. The loan rate as defined by the prime interest rate, the three month Treasury bill rate, and various new programs set up by the Federal Reserve were all found to be economically significant in the determination of the level of excess reserves. An exploration of the expected outcome of policies and regulations meant to aid in the recovery process will determine what if any action should be taken now and in the future to maintain monetary and economic stability.
Statement of Responsibility: by Ezekiel Brustkern
Thesis: Thesis (B.A.) -- New College of Florida, 2010
Electronic Access: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography: Includes bibliographical references.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Local: Faculty Sponsor: Khemraj, Tarron

Record Information

Source Institution: New College of Florida
Holding Location: New College of Florida
Rights Management: Applicable rights reserved.
Classification: local - S.T. 2010 B9
System ID: NCFE004225:00001

Permanent Link: http://ncf.sobek.ufl.edu/NCFE004225/00001

Material Information

Title: Sources of Liquidity in the Great Credit Crunch
Physical Description: Book
Language: English
Creator: Brustkern, Ezekiel
Publisher: New College of Florida
Place of Publication: Sarasota, Fla.
Creation Date: 2010
Publication Date: 2010

Subjects

Subjects / Keywords: Excess Reserves
Liquidity
Banking
Recession
Genre: bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: This thesis examines the varying sources of constraint on growth of the U.S. economy following the financial crisis that started in 2007. The level of excess reserves has spiked to an all-time high and in the process has compromised the effectiveness of the money multiplier to generate growth. By comparing alternative factors affecting the level of excess reserves held by banks, a hypothetical model is created in order to test the significance of supply and demand side factors of liquidity. The loan rate as defined by the prime interest rate, the three month Treasury bill rate, and various new programs set up by the Federal Reserve were all found to be economically significant in the determination of the level of excess reserves. An exploration of the expected outcome of policies and regulations meant to aid in the recovery process will determine what if any action should be taken now and in the future to maintain monetary and economic stability.
Statement of Responsibility: by Ezekiel Brustkern
Thesis: Thesis (B.A.) -- New College of Florida, 2010
Electronic Access: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography: Includes bibliographical references.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Local: Faculty Sponsor: Khemraj, Tarron

Record Information

Source Institution: New College of Florida
Holding Location: New College of Florida
Rights Management: Applicable rights reserved.
Classification: local - S.T. 2010 B9
System ID: NCFE004225:00001


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