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Financial Crises, Monetary Policy and Financial Fragility; A Second-Generation Model of Currency Crises
Eijffinger, Sylvester C W; Goderis, Benedikt - C.E.P.R. Discussion Papers - 2002
abandonment with possible balance-sheet problems in the corporate sector. We show how debt levels can move a small economy from a …
Persistent link: https://www.econbiz.de/10005504385
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Betting the House
Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2014
Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...
Persistent link: https://www.econbiz.de/10011145419
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Cross-Border Liquidity, Relationships and Monetary Policy: Evidence from the Euro Area Interbank Crisis
Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - C.E.P.R. Discussion Papers - 2015
sovereign debt crisis. Moreover, the interbank market – unlike other credit markets – allows to exploit the price dispersion …
Persistent link: https://www.econbiz.de/10011196038