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Debt, deficits, and exchange rates : essays on financial interdependence and development

Reisen, Helmut - Organisation for Economic Co-operation and Development … - 1994

Debt, Deficits and Exchange Rates presents recent work by Helmut Reisen on current international monetary problems in East Asia and Latin America. Written over the last four years, these papers are readily accessible and of immediate policy relevance. The first part is concerned with the debt...

Persistent link: https://www.econbiz.de/10014473937

Household loan loss risk in Finland – estimations and simulations with micro data

Herrala, Risto; Kauko, Karlo - Suomen Pankki - 2007

This discussion paper presents a microsimulation model of household distress. We use logit analysis to estimate the extent to which a household’s risk of being financially distressed depends on net income after tax and loan servicing costs. The impact of assumed macroeconomic shocks on this...

Persistent link: https://www.econbiz.de/10005190733

Private Indebtedness and the Banking Crisis in Finland

Brunila, Anne; Takala, Kari - Suomen Pankki - 1993

deregulation in Finland was similar to that in the other Nordic countries. As in Norway and Sweden, household indebtedness started … loans. Measured by the ratio of household debt to annual disposable income, household indebtedness peaked in 1990 at more … plummeted. High indebtedness and overcapacity especially in the domestic sector will require several years of adjusting. …

Persistent link: https://www.econbiz.de/10005190769

The role of macroeconomic shocks in banking crises

Pesola, Jarmo - Suomen Pankki - 2001

percentage change in GDP, an income surprise variable combined with lagged aggregate indebtedness, a real interest rate surprise … variable combined with lagged aggregate indebtedness, and a deregulation dummy. The innovation in this paper is the use of … surprise variables based on macroeconomic forecasts. According to the results, high indebtedness combined with negative …

Persistent link: https://www.econbiz.de/10005648837

Bankruptcies, Indebtedness and the Credit Crunch

Takala, Kari; Viren, Matti - Suomen Pankki - 1995

that they are perhaps even more strongly related to indebtedness, real interest rates and asset prices. The importance of …

Persistent link: https://www.econbiz.de/10005648878

What drives loan losses in Europe?

Jokivuolle, Esa; Pesola, Jarmo; Viren, Matti - Suomen Pankki - 2013

-specific macro variables: output growth shocks, real interest rates, and a measure of excessive private sector indebtedness. We find … more moderate level of indebtedness. Low interest rates during the recent recession may have been another, perhaps the most …

Persistent link: https://www.econbiz.de/10011207863

The Elgar companion to social economics

Davis, John Bryan (ed.); Dolfsma, Wilfred (ed.) - 2015 - 2nd ed

This comprehensive second edition of The Elgar Companion to Social Economics presents an overview of a dynamic and growing field in economics that emphasizes the key role that values play in the economy and in economic life. Social economics treats the economy and economics as being embedded in...

Persistent link: https://www.econbiz.de/10011850811

Anarchy, state and public choice

Stringham, Edward (contributor) - 2005

The book reprints the main articles from the 1972 volume Explorations in the Theory of Anarchy, and contains a response to each chapter, as well as new comments by Gordon Tullock, James Buchanan, Jeffrey Rogers Hummel and Peter Boettke. The younger economists are notably less pessimistic about...

Persistent link: https://www.econbiz.de/10011851013

The Elgar companion to social economics

Davis, John Bryan (contributor); … - 2008

As this comprehensive Companion demonstrates, social economics is a dynamic and growing field that emphasizes the key role that values play in the economy and in economic life. Social economics treats the economy and economics as being embedded in the larger web of social and ethical...

Persistent link: https://www.econbiz.de/10011851593

Beyond conventional economics : the limits of rational behaviour in political decision making

Hamlin, Alan P. (contributor); Eusepi, Giuseppe (contributor) - 2006

Beyond Conventional Economics presents new original work from leading scholars on the interface between the individual and political and social institutions. The book offers a critique of the inadequacies of the conventional economic approach to politics and a state-of-the-art view of new...

Persistent link: https://www.econbiz.de/10011851930