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The etiology of liquidity crises and how managers can be better prepared
Author(s) -
Mathis F. John,
Kallberg Jarl,
Tuzzolino Frank
Publication year - 2009
Publication title -
thunderbird international business review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.553
H-Index - 37
eISSN - 1520-6874
pISSN - 1096-4762
DOI - 10.1002/tie.20251
Subject(s) - spillover effect , market liquidity , business , financial crisis , financial system , economics , finance , monetary economics , macroeconomics
Financial shocks have become an increasingly pervasive feature of the global economic landscape. Among the two most prominent that have faced corporate managers during the past decade are the bursting of the technology bubble in 2000 and the ongoing global financial and economic crisis. These not only have had a chilling impact on the industries most directly involved, but they also occasioned a massive spillover into other industrial sectors, and in financial markets in general. “Contagion” is perhaps the most devastating aspect of such crises. © 2009 Wiley Periodicals, Inc.