Funding Constraints, Market Liquidity, and Financial Crises: Lessons from an Historical Experiment

Eric Hughson, Don and Lorraine Freeberg Professor of Economics and Finance; Claremont McKenna College

20th Aug 2010  11:00 am - The Boardroom, Darlington Centre

We use the nineteenth and early twentieth century as a randomized historical experimentto examine the effect of funding liquidity on financial markets from 1815-1925.