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Ten years after the start of the euro crisis : lessons for financial markets and macroeconomic policies

Banerjee, Anindya; Kouretas, Georgios P.; Papadopoulos, … - In: Oxford economic papers 73 (2021) 4, pp. 1392-1403

Persistent link: https://www.econbiz.de/10012655258

Ten years after the start of the euro crisis : lessons for financial markets and macroeconomic policies editors

Banerjee, Anindya (ed.); Kouretas, Georgios P. (ed.); … - 2021

Persistent link: https://www.econbiz.de/10012655306

Financial collapse : a lesson from the Great Depression

Cooper, Russell W.; Corbae, Dean - In: Journal of economic theory 107 (2002) 2, pp. 159-190

Persistent link: https://www.econbiz.de/10001728039

Financial collapse and active monetary policy : a lesson from the Great Depression

Cooper, Russell W.; Corbae, Dean - 2001

"We analyze financial collapses, such as the one that occurred during the U.S. Great Depression, from the perspective of a monetary model with multiple equilibria.The multiplicity arises from the presence of a strategic complementarity due to increasing returns to scale in the intermediation...