The Performance of Liquidity in the Subprime Mortgage Crisis

  title={The Performance of Liquidity in the Subprime Mortgage Crisis},
  author={Paul A. Langley},
  journal={New Political Economy},
  pages={71 - 89}
  • P. Langley
  • Published 1 March 2010
  • Economics
  • New Political Economy
‘Liquidity’ is highly significant to representations of the crisis that gripped financial markets from the summer of 2007. A wide-ranging ‘liquidity crisis’ is typically traced to the collapse of prices in markets for assets backed by or derived from the repayments of American subprime mortgagors, while public authorities are said to have responded by ‘restoring liquidity’ to markets in these now ‘distressed’ and ‘toxic assets’. Here the category of performativity is developed to enable a… 
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    The Palgrave Handbook of Contemporary International Political Economy
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