TY  - BOOK
AU  - Brunnermeier,Markus K.
ED  - National Bureau of Economic Research.
TI  - Deciphering the Liquidity and Credit Crunch 2007-08
T2  - NBER working paper series
PY  - 2008///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - December 2008; Hardcopy version available to institutional subscribers
N2  - This paper summarizes and explains the main events of the liquidity and credit crunch in 2007-08. Starting with the trends leading up to the crisis, I explain how these events unfolded and how four different amplification mechanisms magnified losses in the mortgage market into large dislocations and turmoil in financial markets
UR  - https://www.nber.org/papers/w14612
UR  - http://dx.doi.org/10.3386/w14612
ER  -