Showing 1 - 10 of 62
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
El objeto de la presente ponencia es profundizar en el análisis de la iniciativa monetaria más relevante que el gobierno de San Martín desarrolla durante la guerra de Independencia, El Banco Auxiliar de Papel Moneda. El estudio centra la investigación en el análisis comparativo entre el...
Persistent link: https://www.econbiz.de/10010899212
This paper explores the impact of Europe's existing institutional framework on the degree of macroeconomic disparity in the Eurozone. It draws son analysis of the costs of this framework as well as of the benefits of European economic and monetary unification. It also highlights how these costs...
Persistent link: https://www.econbiz.de/10010820641
L'arrivée de la crise économique en 2008, a obligé les entreprises à faire face à une situation inattendue. Les agences d'emploi sont directement touchées, étant donné la nature même de leur activité. Deux années plus tard, les entreprises espèrent enfin sortir de cette crise. Nous...
Persistent link: https://www.econbiz.de/10008793152
This short paper argues that rationally motivated coordination between agents is an important ingredient to understand the current economic crisis. We argue that changes in parameters that model the structure of a macro-economy or financial markets are not exogenous but arise as agents adopt...
Persistent link: https://www.econbiz.de/10008793758
The paper argues that the world economy might experiment inflationary pressures (or restrictive policies aimed at fighting them) when the economic depression triggered by the financial crisis is stabilized. The primary cause is that bad money has been (endogenously) delivered which did not lead...
Persistent link: https://www.econbiz.de/10008793906
Contrasting with the 1929 great crisis, authorities intervened forcefully in 2008 to stop the disintegration of the financial system. Governments and central banks then sought to revise the prudential regulation in depth. It would be optimistic, however, to believe that prudential measures,...
Persistent link: https://www.econbiz.de/10008794219
period, the MFI does not co-finance projects with mainstream banks and loan size is gender-insensitive. In the second period …, the MFI does co-finance above-ceiling projects with mainstream banks, and we observe a gender gap in loan size. The … results suggest that co-financing leads the originally gender-neutral MFI to import disparate treatment from mainstream banks. …
Persistent link: https://www.econbiz.de/10010933836
Despite decades of gender-balanced recruitment and clear-cut criteria for promotion based on meritocracy, women in … public accounting firms remain proportionally fewer in number in the highest levels of the hierarchy than men. This paper …
Persistent link: https://www.econbiz.de/10009323509