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External constraint and financial crises with balance sheet effects

Dai, Meixing - Volkswirtschaftliche Fakultät, … - 2010

This paper investigates the dynamic implications of Krugman’s (1999) model of financial crises with balance-sheet effects, which has a considerable impact on the literature as well as the teaching of international financial crisis. By explicitly taking account of wealth accumulation and...

Persistent link: https://www.econbiz.de/10008529247

How do financial crises affect commercial bank liquidity? Evidence from Latin America and the Caribbean

Moore, Winston - Volkswirtschaftliche Fakultät, … - 2009

The 1990s were a turbulent time for Latin American and Caribbean countries. During this period, the region suffered from no less than sixteen banking crises. One of the most important determinants of the severity of banking crises is commercial bank liquidity. Banking systems, which are...

Persistent link: https://www.econbiz.de/10008529280

Islamic Finance:Sructure-objective mismatch and its consequences

Hasan, Zubair - Volkswirtschaftliche Fakultät, … - 2010

This paper raises the issue of an initial structure-objective mismatch in the launching of Islamic finance. The abolition of interest and promotion of growth with equity were goals of the conceived system. These goals expressed a long run vision to improve the condition of the Muslim communities...

Persistent link: https://www.econbiz.de/10008529299

The Collapse of Global Trade: What a Tangled Web We Weave

Spehar, Ann; AOS - Volkswirtschaftliche Fakultät, … - 2010

A unique feature of the financial crisis is the unprecedented collapse in global world trade. The objective of this paper is to explain some of that collapse as a move toward protectionism triggered not by nationalistic interests but by ‘competing’ objectives among trading partners from the...

Persistent link: https://www.econbiz.de/10008531925

Integration, decoupling and the global financial crisis: A global perspective

Miankhel, Adil Khan; Kalirajan, Kaliappa; Thangavelu, … - Volkswirtschaftliche Fakultät, … - 2010

The recent global recession requires policy makers to identify the relative importance of shock transmission mechanisms … mortgage crisis shock originated in the real sector (falling US housing prices) and was transmitted through trade variables … shock did not spread widely to other regions. Even in the MERCOSUR and SAARC, due to limited goods exports exposure to the …

Persistent link: https://www.econbiz.de/10008533255

The monetary origins of the financial and economic crisis

Landais, Bernard - Volkswirtschaftliche Fakultät, … - 2010

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

Inflation in the US Economy: It Is a Problem or Not?

Bednarik, Radek - Volkswirtschaftliche Fakultät, … - 2010

This paper provides brief analysis of selected macroeconomical indicators of US economy and tries to sketch out possible future development of these variables. The main conclusion is that United States may be really threatened by possible inflation pressures in the future, as well as by possible...

Persistent link: https://www.econbiz.de/10008476360

Juridical and financial considerations on the public re capitalisation and rescue of financial institutions during periods of financial crises (Part I)

Ojo, Marianne; Rodríguez-Miguez, Jose - Volkswirtschaftliche Fakultät, … - 2010

As well as a consideration of why the lender of last resort facility should be used for emergency situations and systemically relevant institutions in particular, an interesting point which will be considered in this paper is the comparison between the European Central Bank (ECB) Recommendation...

Persistent link: https://www.econbiz.de/10008490084

Reducing the administrative expenditures as source for increasing the efficiency of local governance under conditions of the financial crisis

Matei, Ani; Matei, Lucica - Volkswirtschaftliche Fakultät, … - 2010

In the last 10-15 years the preoccupation concerning administrative expenses were expressed in concrete initiatives. The networks concerning Standard Costs Model (SCM) are worth mentioning for reducing administrative expenses in private business area. European Commission elaborated and is...

Persistent link: https://www.econbiz.de/10008587833

The financial crisis: an inside view

Swagel, Phillip - Volkswirtschaftliche Fakultät, … - 2009

This paper reviews the policy response to the 2007–09 financial crisis from the perspective of a senior Treasury official at the time. Government agencies faced severe constraints in addressing the crisis: lack of legal authority for potentially helpful financial stabilization measures, a...

Persistent link: https://www.econbiz.de/10008592935