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European States and Financial Systems: A Biased Relationship
Rey, Nathalie - HAL - 2012
Public intervention in the banking sector takes three main forms: prudential regulation, especially with the Basel II …
Persistent link: https://www.econbiz.de/10010593609
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Determinants of Global Liquidity Dynamics:a FAVAR approach
Djigbenou, Marie-Louise - HAL - 2014
Global liquidity, which consists of both monetary liquidity (quantitative easing and traditional policies) and funding liquidity, follows specific dynamics. The importance of these dynamics is reflected by the growing interest in international policy fora in the economic efects and determinants...
Persistent link: https://www.econbiz.de/10010899663
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The Failure of Financial Macroeconomics and What to Do About it
Chatelain, Jean-Bernard; Ralf, Kirsten - HAL - 2012
creative destruction process of the Lucas' view of business cycles theory. …
Persistent link: https://www.econbiz.de/10011025682
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Stability and Identification with Optimal Macroprudential Policy Rules
Chatelain, Jean-Bernard; Ralf, Kirsten - HAL - 2014
This paper investigates the identification, the determinacy and the stability of ad hoc, "quasi-optimal" and optimal policy rules augmented with financial stability indicators (such as asset prices deviations from their fundamental values) and minimizing the volatility of the policy interest...
Persistent link: https://www.econbiz.de/10011026031
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Stability and Identification with Optimal Macroprudential Policy Rules
Chatelain, Jean-Bernard; Ralf, Kirsten - HAL - 2014
This paper investigates the identification, the determinacy and the stability of ad hoc, "quasi-optimal" and optimal policy rules augmented with financial stability indicators (such as asset prices deviations from their fundamental values) and minimizing the volatility of the policy interest...
Persistent link: https://www.econbiz.de/10011026203
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Monetary Policy and Credit Cycles: A DSGE Analysis
Badarau, Florina-Cristina; Popescu, Alexandra - HAL - 2012
The recent fi nancial crisis revealed several flaws in both monetary and fi nancial regulation. Contrary to what was … believed, price stability is not a suffi cient condition for financial stability. At the same time, micro-prudential regulation …
Persistent link: https://www.econbiz.de/10010821362
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Financial instability and functional finance : a Lerner-Minsky perspective
Ülgen, Faruk - HAL - 2012
The 2007/08 financial crisis results in two major problems that issue difficult challenges for the economic theory and …
Persistent link: https://www.econbiz.de/10010898561
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Paving the way for reconsidering the working of market economies: the Minsky perspective
Ülgen, Faruk - HAL - 2012
This essay develops the financial instability hypothesis of Hyman Minsky through an analysis of the pitfalls of the liberal regulatory framework in order to deal with long-standing and long-lasting financial issues of capitalist economies. It argues that the roots of the 2007/08 crisis are...
Persistent link: https://www.econbiz.de/10010899268
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Contagion Effects in the Aftermath of Lehman's Collapse: Measuring the Collateral Damage
Dumontaux, Nicolas; Pop, Adrian - HAL - 2012
The spectacular failure of the 150-year old investment bank Lehman Brothers on September 15th, 2008 was a major turning point in the global financial crisis that broke out in the summer 2007. Through the use of stock market data and Credit Default Swap (CDS) spreads, this paper examines the...
Persistent link: https://www.econbiz.de/10010899300
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A re-visit to Minsky after 2007 financial meltdown
Ghani, Shazia - HAL - 2011
a post-Keynesian authority on monetary theory and financial institutions. He had extensively studied the economic … economic concepts of the efficient market theory which believes that force of invisible hands keep the markets clear. Minsky …. Minsky believed that regulation should be linked to the structure of the financial system and effective policy making …
Persistent link: https://www.econbiz.de/10010820974