© 2014

A Flow-of-Funds Perspective on the Financial Crisis

Volume I: Money, Credit and Sectoral Balance Sheets

  • Bernhard Winkler
  • Ad van Riet
  • Peter Bull

Part of the Palgrave Studies in Econmics and Banking book series (PMSEB)

Table of contents

  1. Front Matter
    Pages i-xxii
  2. Introduction and Overview

    1. Bernhard Winkler, Ad van Riet, Peter Bull
      Pages 1-9
  3. Money, Credit and Liquidity in the Flow of Funds

    1. Front Matter
      Pages 11-11
    2. Carmelo Salleo
      Pages 13-21
    3. Claudio Borio, Robert N. McCauley, Patrick McGuire
      Pages 94-124
    4. Riccardo De Bonis, Luigi Infante, Francesco Paternò
      Pages 146-174
  4. Sectoral Analysis of the Flow of Funds

    1. Front Matter
      Pages 175-175
    2. Tobias Adrian, Hyun Song Shin
      Pages 177-202
    3. Sanvi Avouyi-Dovi, Vladimir Borgy, Christian Pfister, Michael Scharnagl, Franck Sédillot
      Pages 236-256
    4. Jacob Isaksen, Paul Lassenius Kramp, Louise Punch Sørensen, Søren Vaster Sørensen
      Pages 257-270
  5. Back Matter
    Pages 318-326

About this book


Provides a comprehensive overview of a broad range of uses of the flow of funds within the central bank community as well as in the academic field, prepared by international experts in the field. Based on the crisis experience, it offers an overview of lessons for macrofinancial analysis and financial stability.


bank monetary policy money

Editors and affiliations

  • Bernhard Winkler
    • 1
  • Ad van Riet
    • 1
  • Peter Bull
    • 1
  1. 1.European Central BankFrankfurt am MainGermany

About the editors

Peter Praet, European Central Bank, Germany Carmelo Salleo, European Systemic Risk Board, Germany Richard Werner, University of Southampton, UK Roberto A. De Santis, European Central Bank, Germany Carlo A. Favero, Università Commerciale Luigi Bocconi, Italy Barbara Roffia, European Central Bank, Germany Ulrich Bindseil, European Central Bank, Germany Adalbert Winkler, Frankfurt School of Finance and Management, Germany Claudio Borio, Bank for International Settlements, Switzerland Robert McCauley, Bank for International Settlements, Switzerland Patrick McGuire, Bank for International Settlements, Switzerland Riccardo De Bonis, Banca d'Italia, Italy Luigi Infante, Banca d'Italia, Italy Francesco Paternò, Banca d'Italia, Italy Tobias Adrian, Federal Reserve Bank of New York, USA Hyun Song Shin, Princeton University, USA Celestino Gíron, European Central Bank, Germany Silvia Mongelluzzo, Bocconi University, Italy S. Avouyi Dovi, Banque de France, France Vladimir Borgy, Banque de France, France Christian Pfister, Banque de France, France Michael Scharnagl, Deutsche Bundesbank, Germany Frank Sédillot, Banque de France, France Jacob Isaksen, Danmarks Nationalbank, Denmark Paul Lassenius Kramp, Danmarks Nationalbank, Denmark Louise Funch Sørensen, Danmarks Nationalbank, Denmark Søren Vester Sørensen, Danmarks Nationalbank, Denmark Laurent Maurin, European Central Bank, Germany Riccardo Bonci, Banca d'Italia, Italy

Bibliographic information

Industry Sectors
Finance, Business & Banking