large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify …, resulting in larger cumulated output losses and a prolonged crisis particularly in the UK. Stricter enforcement of bank capital …

investment books of all time by the Financial Times, Manias, Panics and Crashes puts the turbulence of the financial world in …

of financial crises, showing that money is taken out of circulation when bank loans are paid back. This key insight is at … economy that cannot generate enough demand for its own goods and services. Financial crises result when bank lending slows … down or comes to a halt – while outstanding bank loans are still due for repayment. The mechanism is discussed in detail …

-- Jeffrey Shafer -- 8. Financial crisis and bank capital- Robert Aliber -- 9. Three Reflections on Banking Regulation and Cross …. After 100 years of experimenting: One solution?- Asgeir Jonsson -- 18. Iceland should replace its central bank with a …

– December 2010)Hungarian Double Dip (2011-2012)Farewell to the Central Bank (2013)Lessons and Aftermath. . … in 2007-2013. Written by Júlia Király, a former policymaker, and the Deputy Governor of the Hungarian Central Bank at the … “emerging world” in passing. However, Central and Eastern Europe experienced the crisis very differently than other emerging …

major sets of crises (post-World War I crisis and the Great Depression); the post-World War II financial lock-down, which …

Most theoretical central bank models use short horizons and focus on a single tradeoff. However, in reality central … bankruptcy. We term these factors discipline and stability effects, respectively. The central bank's welfare decreases with …

, the Largest Bank in the World: How Multinational Family Ownership Overcame Nearly All Management Complexities When Others … Renaissance Complexity: How the Challenges of Renaissance Banking Finally Defeated the First Multinational Bank -- 3. Rothschild … Failed -- 4. Less Regulation Means Greater Complexity: How Looser Bank Regulation Allowed Faster Growth, Greater Complexity …