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When credit dries up : job losses in the Great Recession

Bentolila, Samuel; Jansen, Marcel; Jiménez, Gabriel; … - 2013

.5 percentage points due to weak-bank attachment, representing between 8% and 36% of aggregate job losses. …

Persistent link: https://www.econbiz.de/10010223447

Deposit insurance, regulatory forbearance and economic growth : implications for the Japanese banking crisis

Dekle, Robert; Kletzer, Kenneth - 2004

An endogenous growth model with financial intermediation is used to show how public deposit insurance and weak prudential regulation can lead to banking crises and permanent declines in economic growth. The impact of regulatory forbearance on investment, saving and asset price dynamics under...

Persistent link: https://www.econbiz.de/10011402648

The Eurozone needs exit rules

Fahrholz, Christian; Wójcik, Cezary - 2012

essence of today's crisis we analyze to what extent a "troubled" periphery EZ member can negotiate a bailout from the center … strengthen the EZ through at least four channels. -- sovereign debt crisis ; Eurozone ; Euro ; exit rules ; bail-out ; political …

Persistent link: https://www.econbiz.de/10009570716

Legislative restraint in corporate bailout design

Grâdšṭayn, Marq; Kaganovič, Michail I. - 2018

The aftermath of the recent economic crisis saw the largest U.S. government bailout of corporate entities ever. While … the bailout was carried out with the explicit goal of restoring stability, it aroused much controversy and public … criticism based on moral hazard concerns as well as the exorbitant cost to the taxpayer. This paper examines the bailout design …

Persistent link: https://www.econbiz.de/10011859529

Rescue policies for small businesses in the Covid-19 recession

Di Nola, Alessandro; Kaas, Leo; Wang, Haomin - 2022

While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...

Persistent link: https://www.econbiz.de/10013166369

Secular stagnation : is immigration part of the solution?

Alves, José; Morgado, Sandro - 2022

In our article we review the secular stagnation hypothesis, firstly postulated by Hansen (1939), to describe the current macroeconomic dynamics faced by developed economies. Based in the existing literature, we elaborate on a workable definition of secular stagnation founded on four pillars:...

Persistent link: https://www.econbiz.de/10012815750

Disorganization and financial collapse

Marin, Dalia; Schnitzer, Monika - 2000

Recently, Blanchard and Kremer (BK) argued that disorganization has led to the output decline in the former Soviet Union. In this paper we introduce liquidity and credit constraints into the BK model and show how these problems can alleviate the hold-up problem. We argue further that barter...

Persistent link: https://www.econbiz.de/10009781618

Do economic crises lead tourists to closer destinations? : an analysis of Italy's regional data

Cafiso, Gianluca; Cellini, Roberto; Cuccia, Tiziana - 2015

Italy’s domestic tourism flows during the recent years of economic recession. Indeed, the occurrence of closer tourism …

Persistent link: https://www.econbiz.de/10010492324

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 growth rates of importing countries play an important...

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

Did Chinese outward activity attenuate or aggravate the Great Recession in developing countries?

Gawellek, Bastian; Lyu, Jingjing; Süssmuth, Bernd - 2016

Using data on Chinese large-scale overseas investment and project contracts by sector, we analyze whether Chinese outward activity (COA) before the crisis worsened or alleviated the contractionary phases in developing countries. We find that, on average, COA did not increase vulnerability to the...

Persistent link: https://www.econbiz.de/10011420791