Narrow search
Showing 1 - 10 of 180
Cover Image
Towards a macroprudential surveillance and remedial policy formulation system for monitoring financial crisis
Bhattacharyay, Biswanath - 2009
Several developing economies witnessed a large number of systemic financial and currency crises since the 1980s which resulted in severe economic, social, and political problems. The devastating impact of the 1982 and 1994-95 Mexican crises, the 1997-98 Asian financial crisis, the 1998 Russian...
Persistent link: https://www.econbiz.de/10003887495
Cover Image
Early warning system for economic and financial risks in Kazakhstan
Bhattacharyay, Biswanath; Dlugosch, Dennis; Kolb, Benedikt - 2009
This paper proposes a macro-prudential financial soundness analysis that can be used by most developing and transformation countries with or without crisis experience as well as by developed countries with limited data. The objective is to detect economic and financial sector vulnerability,...
Persistent link: https://www.econbiz.de/10003897420
Cover Image
Unconventional monetary policy or automatic stabilizers? : a financial post-Keynesian comparison
Nair, Nitin - 2023
employment. Theory decides the nature and kind of policy, and the underlying mechanics that result in expansion. Keynes (1964 … backwardation that stimulate economic activity. We conclude, like Keynes, that fiscal policy is the reliable path to economic …
Persistent link: https://www.econbiz.de/10014320884
Cover Image
Keynes's theories of the business cycle: evolution and contemporary relevance
Bortz, Pablo G. - 2021
This paper traces the evolution of John Maynard Keynes's theory of the business cycle from his early writings in 1913 … major changes in the evolution of Keynes's business cycle theories: a) the saving- investment framework to understand … conclusions are drawn about the present relevance of the policy mix Keynes promoted for ensuring macroeconomic stability. …
Persistent link: https://www.econbiz.de/10012487521
Cover Image
A vicious cycle of manias, crashes and asymmetric policy responses : an overinvestment view
Hoffmann, Andreas; Schnabl, Gunther - 2009
The business cycles theories of Wicksell (1898), Schumpeter (1912), Mises (1912), Hayek (1929, 1935) and Minsky (1986 …
Persistent link: https://www.econbiz.de/10003910416
Cover Image
Appropriate fiscal policy over the business cycle : proper stimulus policies can work
Graves, Philip E. - 2010
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10008653412
Cover Image
Economic policy in India : for economic stimulus, or for austerity and volatility?
Sen, Sunanda; DasGupta, Zico - 2014
The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at "price stability" in the neoliberal regime, fiscal policies were characterized by the objective of...
Persistent link: https://www.econbiz.de/10010385761
Cover Image
The General Theory as "depression economics"? : financial instability and crises in Keynes's monetary thought
Bibow, Jörg - 2020
This paper revisits Keynes's writings from Indian Currency and Finance (1913) to The General Theory (1936) with a focus … on financial instability. The analysis reveals Keynes's astute concerns about the stability/fragility of the banking … system, especially under deflationary conditions. Keynes's writings during the Great Depression uncover insights into how the …
Persistent link: https://www.econbiz.de/10012291986
Cover Image
Central bank policies and financial markets : lessons from the Euro crisis
Mody, Ashoka; Nedeljkovic, Milan - 2018 - This version: November 20, 2018
The European Central Bank (ECB) took many measures to combat the eurozone's rolling financial crisis. For providing desperately scarce dollars to eurozone banks, the ECB relied on the U.S. Federal Reserve. Using a novel econometric framework, we identify financial markets' response to the...
Persistent link: https://www.econbiz.de/10011942687
Cover Image
How banks respond to negative interest rates : evidence from the Swiss exemption threshold
Basten, Christoph; Mariathasan, Mike - 2018
We analyze the effect of negative monetary policy rates on banks, using detailed supervisory information from Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank reserves exempt from negative rates. More affected banks...
Persistent link: https://www.econbiz.de/10011795014