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Going to extremes : politics after financial crisis, 1870 - 2014

Funke, Manuel; Schularick, Moritz; Trebesch, Christoph - 2015

strongly after financial crises as government majorities shrink and polarization rises. After a crisis, voters seem to be …

Persistent link: https://www.econbiz.de/10011349087

Central bank balance sheets : expansion and reduction since 1900

Ferguson, Niall; Schaab, Andreas; Schularick, Moritz - 2015

In this paper we study the evolution of central banks' balance sheets in 12 advanced economies since 1900. We find that balance sheet size in most developed countries has fluctuated within rather clearly defined bands relative to output. Historically, clusters of big expansions and contractions...

Persistent link: https://www.econbiz.de/10010528949

Political booms, financial crises

Herrera, Helios; Ordoñez, Guillermo; Trebesch, Christoph - 2014

We show that political booms, measured by the rise in governments' popularity, predict financial crises above and beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in emerging economies. We show that governments in emerging...

Persistent link: https://www.econbiz.de/10010391815

Iceland : how could this happen?

Thorvaldur Gylfason - 2014

This paper reviews economic developments in Iceland following its financial collapse in 2008, focusing on causes and consequences of the crash. The review is presented in the context of the Nordic region, with broad comparisons also with developments elsewhere on the periphery of Europe, in...

Persistent link: https://www.econbiz.de/10010235815

Uncertainty across volatility regimes

Angelini, Giovanni; Bacchiocchi, Emanuele; Caggiano, … - 2017

We propose a new non-recursive identification scheme for uncertainty shocks, which exploits breaks in the unconditional volatility of macroeconomic variables. Such identification approach allows us to simultaneously address two major questions in the empirical literature on uncertainty: (i) Does...

Persistent link: https://www.econbiz.de/10011778668

The effects of systemic banking crises in the inter-war period

Rocha, Bruno T. da; Solomou, Solomos - 2015

This paper examines the time-profile of the impact of systemic banking crises on GDP and industrial production using a panel of 24 countries over the inter-war period and compares this to the post-war experience of these countries. We show that banking crises have effects that induce medium-term...

Persistent link: https://www.econbiz.de/10010496916

How do financial crises redistribute risk?

Mitchener, Kris; Vossmeyer, Angela - 2023

We examine how financial crises redistribute risk, employing novel empirical methods and micro data from the largest financial crisis of the 20th century - the Great Depression. Using balance-sheet and systemic risk measures at the bank level, we build an econometric model with incidental...

Persistent link: https://www.econbiz.de/10014323137

The impact of the global financial crisis on business cycles in Asian emerging economies

Fidrmuc, Jarko; Korhonen, Iikka - 2009

We analyze the transmission of global financial crisis to business cycles in China and India. The pattern of business …

Persistent link: https://www.econbiz.de/10003861779

Time-varying exchange rate basket in China from 2005 to 2009

Fidrmuc, Jarko - 2010

We use the Kalman filter to estimate the structure of the secret currency basket of the renminbi based on daily data between 2005 and 2009. The currency weights of selected currencies are modeled as stochastic processes (random walks). The official announcement of the new exchange rate regime in...

Persistent link: https://www.econbiz.de/10003997605

The collapse speed of China's exports in the 2008-2009 financial crisis

Jing, Ran - 2011

This paper studies the performance of China's exports during the 2008-2009 financial crisis. It focuses on the speed at … which China's exports were hit by this downturn. Product-country monthly exports data is utilized. It is found that GDP … trade prior to the crisis are hit by the recession earlier than other products. -- China ; exports collapse ; speed …

Persistent link: https://www.econbiz.de/10009303944