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These brief essays delve into the economic issues of the day for a generally informed readership.

2011, No. 34 (Posted 2011-11-07)

Liquidity Crises in the Small and Large

by Richard G. Anderson and Barry Jones

Federal Reserve programs during the recent financial crisis sought to provide liquidity to individual firms or industries. An interesting additional question is whether the aggregate amount of liquidity in the economy was appropriate before and during the recent financial crisis.

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