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Assessing Indicators of Currency Crisis in Ethiopia: Signals Approach
Megersa, kelbesa; Cassimon, Danny - Volkswirtschaftliche Fakultät, … - 2013
Currency crises, generally defined as rapid depreciation of a local currency or loss of foreign exchange reserves, are common incidents in modern monetary systems. Due to their repeated occurrence and severity, they have earned wide coverage by both theoretical and empirical literature. However,...
Persistent link: https://www.econbiz.de/10011259158
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External constraint and financial crises with balance sheet effects
Dai, Meixing - Volkswirtschaftliche Fakultät, … - 2010
This paper investigates the dynamic implications of Krugman’s (1999) model of financial crises with balance-sheet effects, which has a considerable impact on the literature as well as the teaching of international financial crisis. By explicitly taking account of wealth accumulation and...
Persistent link: https://www.econbiz.de/10008529247
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Cause and cure of the crisis
Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...
Persistent link: https://www.econbiz.de/10011108214
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Deciphering financial contagion in the euro area during the crisis
Tola, Albi; Wälti, Sébastien - Volkswirtschaftliche Fakultät, … - 2012
Financial market interdependence has been at the epicenter of the crisis in the euro area. This paper tests for the … euro area shocks from country-specific shocks. Financial contagion has been widespread during the crisis in the euro area … between the core and the periphery of the euro area. Global and euro area shocks have been important drivers of sovereign bond …
Persistent link: https://www.econbiz.de/10011114307
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La crisis de la deuda, el euro y la construcción política europea: reflexiones desde la economía
Costas, Antón; Lago-Peñas, Santiago - Volkswirtschaftliche Fakultät, … - 2013
The aim of this short paper is to discuss the future of the European Monetary Union (EMU) departing from the current financial crisis. In particular, we focus on its effects on the prospects for the EMU integration or disintegration.
Persistent link: https://www.econbiz.de/10011114561
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Characteristics of the financial crisis in 2008 and its implications on Romanian economy
Liviu-George, Maha; Dragos-Florentin, Mariciuc - Volkswirtschaftliche Fakultät, … - 2009
The paper tries to underline the most important aspects of the financial crisis in Romania. Taking into account the information speed, the full integration of the capital markets and the commercial integration, the economic crisis of 2008 is certainly a global one and it has repercussions not...
Persistent link: https://www.econbiz.de/10008753088
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Was kostet die Krise? Mittelfristige Wachstumsperspektiven in Deutschland, 2010 - 2014
Buchen, Teresa; Carstensen, Kai; Henzel, Steffen; … - Volkswirtschaftliche Fakultät, … - 2010
2009 ist eine Diskussion darüber entbrannt, inwieweit die derzeitige Finanzkrise Einfluss auf die mittelfristigen … Zeitreihenmodellen abgeschätzt. Die Ergebnisse deuten darauf hin, dass das Niveau des Produktionspotenzials aufgrund der Finanzkrise … Euro ableiten. Demgegenüber dürfte die Trendwachstumsrate in den kommenden Jahren bei 1,3 % liegen und damit nur …
Persistent link: https://www.econbiz.de/10008472806
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The problem with government interventions: The wrong banks, inadequate strategies, or ineffective measures?
Hryckiewicz, Aneta - Volkswirtschaftliche Fakultät, … - 2014
The most recent crisis prompted regulatory authorities to implement directives prescribing actions to resolve systemic banking crises. Recent findings show that government intervention results in only a small proportion of bank recoveries. This study examines the reasons for this failure and...
Persistent link: https://www.econbiz.de/10011271681
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Banking business models and the nature of financial crises
Hryckiewicz, Aneta; Kozlowski, Lukasz - Volkswirtschaftliche Fakultät, … - 2014
In our paper we analyze the heterogeneity between various business models among systemically important banks in 65 countries over the period of 2000-2012. For the first time, we are able to identify true banking strategies consisting of different combinations of bank asset and funding sources...
Persistent link: https://www.econbiz.de/10011272695
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Working in Southern Europe in Times of Crisis – Myths and Demons.
Tsatsos, Aristidis - Volkswirtschaftliche Fakultät, … - 2011
Citizens of Southern Europe have been presented by the German media and politicians as lazy and work aversive. First, it is checked whether and to what extent those characterizations do reflect reality, and then, in view of the Greek economic crisis, it is shown that crises and not laziness...
Persistent link: https://www.econbiz.de/10011258684