Similar Search Results

"Arresting Financial Crises: The Fed versus the Classicals"

Humphrey, Thomas M. - Levy Economics Institute - 2013

classicals, the Fed filled the market with liquidity while lending to a wide variety of borrowers on an extended array of assets …

Persistent link: https://www.econbiz.de/10011141195

Cracks in the foundations of growth : what will the housing debacle mean for the U.S. economy?

Papadimitriou, Dimitri Basil - 2007

With economic growth having cooled to less than 1 percent in the first quarter of 2007, the economy can ill afford a slump in consumption by the American household. But it now appears that the household sector could finally give in to the pressures of rising gasoline prices, a weakening home...

Persistent link: https://www.econbiz.de/10003516276

Too big to fail in financial crisis : motives, countermeasures, and prospects

Shull, Bernard - 2010

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

"The European Central Bank and Why Things Are the Way They Are: A Historic Monetary Policy Pivot Point and Moment of (Relative) Clarity"

Dubois, Robert - Levy Economics Institute - 2012

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

"Financial Markets"

Bibow, Jorg - Levy Economics Institute - 2011

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

"Minsky and the Subprime Mortgage Crisis: The Financial Instability Hypothesis in the Era of Financialization"

Caverzasi, Eugenio - Levy Economics Institute - 2014

The aim of this paper is to develop a structural explanation of the subprime mortgage crisis, grounded on the …

Persistent link: https://www.econbiz.de/10010757313

"Global Imbalances, the U.S. Dollar, and How the Crisis at the Core of Global Finance Spread to "Self-insuring" Emerging Market Economies"

Bibow, Jorg - Levy Economics Institute - 2010

This paper investigates the spread of what started as a crisis at the core of the global financial system to emerging economies. While emerging economies had exhibited some resilience through the early stages of the financial turmoil that began in the summer of 2007, they have been hit hard...

Persistent link: https://www.econbiz.de/10008629632

"Minsky's Money Manager Capitalism and the Global Financial Crisis"

Wray, L. Randall - Levy Economics Institute - 2011

proffered for the causes of the crisis, from lax regulation and oversight to excessive global liquidity. Unfortunately, these …

Persistent link: https://www.econbiz.de/10008876436

"$29,000,000,000,000: A Detailed Look at the Fed's Bailout by Funding Facility and Recipient"

Felkerson, James - Levy Economics Institute - 2011

There have been a number of estimates of the total amount of funding provided by the Federal Reserve to bail out the financial system. For example, Bloomberg recently claimed that the cumulative commitment by the Fed (this includes asset purchases plus lending) was $7.77 trillion. As part of the...

Persistent link: https://www.econbiz.de/10009368607

"The Repeal of the Glass-Steagall Act and the Federal Reserve's Extraordinary Intervention during the Global Financial Crisis"

Nersisyan, Yeva - Levy Economics Institute - 2015

and dealers, money market mutual funds, the commercial paper market, the mortgage-backed securities market, the triparty …

Persistent link: https://www.econbiz.de/10011124865