Publication
21 Mar 2008
The credit crisis has produced an avalanche of problems and also of explanations. Some observers have stressed that it is mainly a solvency crisis; others that it is mainly a liquidity crisis. It is becoming increasingly clear that it is both. Liquidity and solvency problems are now so much intertwined that trying to decide whether it is one or the other is counterproductive.
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English (PDF, 2 pages, 50 KB) |
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Author | Paul De Grauwe |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2008 Centre for European Policy Studies (CEPS) |