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Abstract The monetary policy, especially the American one, can be blamed for the remote role (2002-2004) it played in the creation of the speculative bubble which led to a financial crisis. It also has a part of the responsibility through its restrictive direction during the 2004-2006 period;...
Persistent link: https://www.econbiz.de/10008534293
every post-world war II recession, according to most experts, especially Milton Friedman. In late 2006 there already were …
Persistent link: https://www.econbiz.de/10005616759
In this paper we focus on postwar US data and incorporate new nancial measures and monetary policy shocks in a vector autoregression (VAR) system in order to test whether one or the other has any real effect on the economy. We nd econometric evidence that these shocks and events are exogenous,...
Persistent link: https://www.econbiz.de/10005620128
in early 2008 and then spread to Europe has by now engulfed most of the economies in both developed and developing world …. There is every possibility of direct as well as indirect implications of the crisis on all the economies of the world. The … immediate impact of the financial crisis on major world economies especially Indian economy in terms of selected economic …
Persistent link: https://www.econbiz.de/10009418501
Financial crisis that occurred in August 2008 was unforeseen, sudden, sharp, and had a great impact on the global financial market. Egypt is one of the countries was affected by this financial crisis as a market economy country, and WTO member. in this paper I will try to study the implication...
Persistent link: https://www.econbiz.de/10011260393
Some writers on Islamic finance have recently resuscitated the old ‘no risk, no gain’ precept from the earlier literature in the wake of 2007-2008 financial crisis. They argue that the basic reason for the recurrence of such crises is the conventional interest-based financial system that...
Persistent link: https://www.econbiz.de/10011201266
Some writers on Islamic finance have recently resuscitated the old ‘no risk, no gain’ precept from the earlier literature in the wake of 2007-2008 financial crisis. They argue that the basic reason for the recurrence of such crises is the conventional interest-based financial system that...
Persistent link: https://www.econbiz.de/10011201270
Some writers on Islamic finance have recently resuscitated the old ‘no risk, no gain’ precept from the earlier literature in the wake of 2007-2008 financial crisis. They argue that the basic reason for the recurrence of such crises is the conventional interest-based financial system that...
Persistent link: https://www.econbiz.de/10011201351
Financial integration among economies has the benefit of improving allocative efficiency and diversifying risk. However the recent global financial crisis, considered as the worst since the Great Depression has re-ignited the fierce debate about the merits of financial globalization and its...
Persistent link: https://www.econbiz.de/10008924837
The theoretical aspects of three generation of financial crisis’ models are analyzed. On the basis of retrospective analysis of these models are determined the main causes than make the economic misbalance more profound and than cause a crisis. Проаналізовано теоретичні...
Persistent link: https://www.econbiz.de/10008927055