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Widespread economic recessions and protracted financial crises have been documented as setting back gender equality and other development goals in the past. In the midst of the current global crisisoften referred to as the Great Recessionʺthere is grave concern that progress made in poverty...
Persistent link: https://www.econbiz.de/10003859880
innovations in these markets, simultaneously providing cushions against risks while generating flows of liquidity that remain … back to John Maynard Keynes’s General Theory (1936), where liquidity preference is linked to asset prices and new …
Persistent link: https://www.econbiz.de/10008664024
Regulatory forbearance and government financial support for the largest U.S. financial companies during the crisis of 2007–09 highlighted a “too big to fail” problem that has existed for decades. As in the past, effects on competition and moral hazard were seen as outweighed by the threat...
Persistent link: https://www.econbiz.de/10003975091
Senior Scholar James K. Galbraith argues the fundamental illusion of viewing the US economy through the free-market prism of deregulation, privatization, and a benevolent government operating mainly through monetary stabilization - the prevailing view among economists over the past three...
Persistent link: https://www.econbiz.de/10003985698
This paper investigates the United States dollar’s role as the international currency of choice as a key contributing factor in critical global developments that led to the crisis of 2007–09, and considers the future role of the dollar as the global economy emerges from that crisis. It is...
Persistent link: https://www.econbiz.de/10003943131
While most economists agree that the world is facing the worst economic crisis since the Great Depression, there is little agreement as to what caused it. Some have argued that the financial instability we are witnessing is due to irrational exuberance of market participants, fraud, greed, too...
Persistent link: https://www.econbiz.de/10003943150
. Briefly, these include: (a) the GFC was not a liquidity crisis, (b) underwriting matters, (c) unregulated and unsupervised …
Persistent link: https://www.econbiz.de/10009269229
struggling to escape liquidity quicksands and stubbornly low or negative growth and employment trends. At the center of the … monetary policy pivot point. Since November 2011, the ECB has taken on an arguably activist liquidity-provider role relative to … integration. In December 2011, the ECB made clear its intention to inject massive liquidity when faced with crises of scale in …
Persistent link: https://www.econbiz.de/10009652087
Keynes's path-breaking insights into the role of liquidity and finance in "monetary production economies," Post Keynesian … economics offers a refreshing alternative to mainstream (mis)conceptions in this area. We highlight the importance of liquidity …
Persistent link: https://www.econbiz.de/10008868037
such as liquidity and saving are explored. We conclude with a look at some of the new innovations in finance, and at the …
Persistent link: https://www.econbiz.de/10008854453