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central banks in the game that leads to the crisis and even collapse offinancial systems, and he advocated supranational …
Persistent link: https://www.econbiz.de/10011507825
nontradables (N) sector grows faster than the tradables (T) sector. Meanwhile, the opposite is true in the aftermath of crisis. We …
Persistent link: https://www.econbiz.de/10011410453
financial systems and fixed exchange rate regimes are less likely to experience a currency crisis after a capital flow shock …
Persistent link: https://www.econbiz.de/10014502445
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
This paper studies the performance of China's exports during the 2008-2009 financial crisis. It focuses on the speed at … 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
We asked experts from 113 countries polled by the CESifo World Economic Survey for their opinions on how to handle the … crisis in Greece. 61.9% of the experts surveyed were not in favour of Greece exiting the Eurozone in the course of the …
Persistent link: https://www.econbiz.de/10011452844
the great financial crisis of 2008-09, the issue of trade finance re-emerged as a matter of urgency. While the current … pandemic-related crisis did not have a financial cause, one of its results has been that many countries are experiencing … structural trade finance gaps were high even before the pandemic. As the health crisis developed and persisted, banks experienced …
Persistent link: https://www.econbiz.de/10012438361
Financial Crisis, 2007/8. We analyze the time-varying nature of this relationship in rolling regressions and an historical … dataset. In the subset of countries with enforceability problems, we find that the link between occasional crisis, measured by …
Persistent link: https://www.econbiz.de/10011863602
This paper estimates a nonlinear Threshold-VAR to investigate if a Keynesian liquidity trap due to a speculative motive was in place in the U.S. Great Depression and the recent Great Recession. We find clear evidence in favor of a breakdown of the liquidity effect after an unexpected increase in...
Persistent link: https://www.econbiz.de/10011863616
In response to the global crisis a number of new institutional measures have been introduced in the fiscal framework … crisis) actively promoted several changes in the EU fiscal framework (e.g. 6-pack) and effectively internalized some of these … fiscal sustainability in Poland has significantly improved in the post-crisis period of 2009-2017: we detect both improvement …
Persistent link: https://www.econbiz.de/10011900847