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The 2007/08 financial crisis results in two major problems that issue difficult challenges for the economic theory and policy. The first challenge is the rise of unemployment notwithstanding growing imbalances of budget deficits. The second is the monetary and financial instability threatening...
Persistent link: https://www.econbiz.de/10010898561
The 2007 financial crises has brought to eminence and a long overdue recognition to the ideas of Hyman P. Minsky who is a post-Keynesian authority on monetary theory and financial institutions. He had extensively studied the economic fluctuations and recurring instability of the financial system...
Persistent link: https://www.econbiz.de/10010820974
Eurozone is going though the worst ever crises since the adoption of the common currency in 1999. In the aftermath of financial crises of 2007, many EU government due to their own fragile banking system and imbalance economic structures persued a debt-spending financing which resulted into a...
Persistent link: https://www.econbiz.de/10009368002
We propose a measure of the probability of crises associated with an aggregate indicator, where the percentage of false alarms and the proportion of missed signals can be combined to give an appreciation of the vulnerability of an economy. In this perspective, the important issue is not only to...
Persistent link: https://www.econbiz.de/10008791167
We propose a measure of the probability of crises associated with an aggregate indicator, where the percentage of false alarms and the proportion of missed signals can be combined to give an appreciation of the vulnerability of an economy. In this perspective, the important issue is not only to...
Persistent link: https://www.econbiz.de/10008792414
This paper proposes an original and uni ed toolbox to evaluate nancial crisis Early Warning Systems (EWS). It presents four main advantages. First, it is a model free method which can be used to asses the forecasts issued from di erent EWS (probit, logit, markov switching models, or combinations...
Persistent link: https://www.econbiz.de/10008793427
profiles in Thailand over 1990-2008 ; review of methodologies low carbon scenario The conclusion will address the rationale for …
Persistent link: https://www.econbiz.de/10010821436
suppliers and customers. Our communication will focus on knowledge, labour markets and work in the context of Thailand. Thailand … viability of these scenarios in Thailand. We start with a short analysis of the state of science, technology and education in … Thailand (section 1). The conclusion is that formal knowledge is lagging behind and that improvements will take time. The …
Persistent link: https://www.econbiz.de/10008791196
Late capitalism has entered a new phase. It is not only global and financialised, but also based on a new technological … developed countries for its impact on employment, wages and the welfare state, is not an issue at stake in Thailand for the … revolution and knowledge will impact Thailand in the near future because they are shaping a new international division of labour …
Persistent link: https://www.econbiz.de/10008792410
The emergence of a knowledge capitalism is often considered as an alternative to a financial capitalism. Our goal is to … explain why the financial capitalism hypothesis is not relevant to characterize and to show that the hypothesis of a knowledge … capitalism can provide an explanation of the growth and the importance of finance. Three topics are considered:(1) the new forms …
Persistent link: https://www.econbiz.de/10009418569