Gresham College Lectures
Gresham College has been providing free public lectures since 1597, making us London's oldest higher education institution. This podcast offers our recorded lectures that are free to access from the Gresham College website, or our YouTube channel.
Gresham College Lectures
Liquidity: Finance in motion or evaporation?
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Gresham College
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House prices stuck? Not enough liquidity. Inflation rising? Too much liquidity. Whenever global economic trends fail to flow with the theory, economists and financial observers invoke liquidity, in the same way that physicists invoke dark matter and dark energy to explain problems with the origins of the universe. This lecture explores the various definitions and explanations of liquidity, concluding with some thoughts on why this watery concept is so important.