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Financial crises and recession in the global economy

Allen, Roy E. - 1999 - 2nd ed

1980 and discusses these crises in the context of continuing economic globalization. This updated and fully revised edition …1. The expansion and globalization of financial markets -- 2. Financial market globalization and new trade patterns …

Persistent link: https://www.econbiz.de/10011851704

Fiscal Procyclicality in Commodity Exporting Countries : How Much Does it Pour and Why?

Arroyo Marioli, Francisco; Végh, Carlos A. - National Bureau of Economic Research - 2023

A large literature has documented that fiscal policy is procyclical in emerging markets and developing economies and acyclical/countercyclical in advanced economies. This paper analyzes fiscal procyclicality in commodity-exporting countries. It first shows that the degree of fiscal...

Persistent link: https://www.econbiz.de/10014322818

Financial crises and recession in the global economy

Allen, Roy E. - 2023 - Fifth edition

on to explore the continuing globalization of financial markets, including further innovations in information …

Persistent link: https://www.econbiz.de/10014437075

Growth and economic development : essays in honour of A.P. Thirlwall

Thirlwall, Anthony P.; McCombie, John S. L.; Arestis, Philip - 2006

This valuable and engaging new book bears eloquent testimony to A.P. Thirlwall's substantial contribution to economics over the last 40 years. The volume does not attempt to provide a comprehensive review of such a prolific figure, but rather demonstrates the considerable influence that his work...

Persistent link: https://www.econbiz.de/10011850558

Reflections on the Great Depression

Parker, Randall E. - 2002

scholars and an important glimpse into the world that shaped them …

Persistent link: https://www.econbiz.de/10011852119

Back to the 1980s or Not? : The Drivers of Inflation and Real Risks in Treasury Bonds

Pflueger, Carolin E. - National Bureau of Economic Research - 2023

I use nominal and real bond risks as new moments to discipline a New Keynesian asset pricing model, where supply shocks, demand shocks, and monetary policy are the fundamental drivers of inflation. Endogenously time-varying risk premia imply that nominal bond risks--as measured by their stock...

Persistent link: https://www.econbiz.de/10014226118

Businesses and Borrowing during the Roaring '20s and at the Onset of the Great Depression

Richardson, Gary; Angel, Marco del - National Bureau of Economic Research - 2024

Which firms relied on commercial banks for credit and which firms did not at the onset of the Great Depression would seem to be an important question given the vast literature discussing banking distress in the United States during the 1930s. The question, however, has not been answered. This...

Persistent link: https://www.econbiz.de/10015072860

Financial crises and recession in the global economy

Allen, Roy E. - 2016 - 4th ed

Introduction -- 1. Financial globalization since the 1970s -- 2. Financial instabilities and trends in the 1980s -- 3 … evolutionary trends in the global economy since the 1970s. Financial globalization has produced an expanded money-credit pyramid … structural relationship between money and the real economy is associated with financial globalization - including, especially …

Persistent link: https://www.econbiz.de/10012419911

Corporate Debt, Boom-Bust Cycles, and Financial Crises

Ivashina, Victoria; Kalemli-Ozcan, Sebnem; Laeven, Luc; … - National Bureau of Economic Research - 2024

Using a new dataset on sectoral credit exposures covering financial and non-financial sectors in 115 economies over the period 1940-2014, we document the following evidence that corporate debt plays a key role in explaining boom-bust cycles, financial crises, and slow macroeconomic recoveries:...

Persistent link: https://www.econbiz.de/10014512079

The US, Economic News, and the Global Financial Cycle

Boehm, Christoph E.; Kroner, T. Niklas - National Bureau of Economic Research - 2023

We provide evidence for a causal link between the US economy and the global financial cycle. Using intraday data, we show that US macroeconomic news releases have large and significant effects on global risky asset prices. Stock price indexes of 27 countries, the VIX, and commodity prices all...

Persistent link: https://www.econbiz.de/10014247914