Showing 1 - 7 of 7
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/10010427571
We show that political booms, measured by the rise in governments’ popularity, predict financial crises above and beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in emerging economies. We show that governments in emerging...
Persistent link: https://www.econbiz.de/10010427705
I discuss briefly the crisis itself and then give some criteria that should be used in evaluating any policy proposed o deal with it. This is followed by a critical discussion of some of the policy measures that have been suggested. Finally, I give a list of proposals, that I believe best...
Persistent link: https://www.econbiz.de/10010427521
In this paper we assess the information content of seven widely cited early indicators for the euro area with respect … indicator, the OECD composite leading indicator, and the FAZ-Euro indicator published by the Frankfurter Allgemeine Zeitung. If …
Persistent link: https://www.econbiz.de/10010427576
Liquidity problems lie at the heart of crises on financial markets as demonstrated in this paper by detailed descriptions of the stock market crash in 1987, the LTCM-crisis in 1998 and the financial market consequences of 11 September 2001. The events also demonstrate that modern central banks,...
Persistent link: https://www.econbiz.de/10010427504
-linked bonds using a state-space estimation. Our results show that once one accounts for time-varying liquidity and inflation risk …
Persistent link: https://www.econbiz.de/10010427531
converging for the non-financial corporate sector across the euro area. Whilst we find evidence for complete bond market …
Persistent link: https://www.econbiz.de/10010427552