The University of Southampton
University of Southampton Institutional Repository

Liquidity, credit creation and international banking: an econometric investigation

McKenzie, George and Thomas, Stephen (1983) Liquidity, credit creation and international banking: an econometric investigation Journal of Banking & Finance, 7, (4), pp. 467-480. (doi:10.1016/0378-4266(83)90005-5).

Record type: Article

Abstract

For the past 18 months the Treasury and Civil Service Select Committee of the British House of Commons has been taking evidence from expert witnesses and interested parties concerning International Monetary Arrangements. An important concern of their work has been the inter-relationship between current problems in international bank lending and macroeconomic policies. Our presentation will review the opinions expressed in the Committee's Reports in the light of the econometric evidence we have obtained in our formal paper prepared for this conference. Basically we feel that the current problems facing the international banking system are in no small part due to the increased systematic risk introduced into the system by the macroeconomic policies followed by the industrial countries over the past decade, rather than simply to reckless and imprudent bank management. Further, our econometric evidence suggests that Eurocurrency flows may have a substantial effect on domestic liquidity, in contrast to the accepted view that such flows are unimportant. An underlying major theme of our paper concerns the importance of using modern econometric methods to shed light on current important problems of international financial interdependence.

Full text not available from this repository.

More information

Published date: 1983
Organisations: Management

Identifiers

Local EPrints ID: 37398
URI: http://eprints.soton.ac.uk/id/eprint/37398
ISSN: 0378-4266
PURE UUID: b1307451-d91f-41d4-bfbc-2eaa06da26fa

Catalogue record

Date deposited: 28 Feb 2007
Last modified: 17 Jul 2017 15:42

Export record

Altmetrics

Contributors

Author: George McKenzie
Author: Stephen Thomas

University divisions

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×