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China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade … economic dislocations--a lost decade for China, the breaking of the Euro, and a receding of the U.S. dollar--that will have … artificially lowering the cost of capital. He discusses how Germany is endangering the Euro by favoring its own development at the …
Persistent link: https://www.econbiz.de/10010681121
What is wrong with today's banking system? The past few years have shown that risks in banking can impose significant costs on the economy. Many claim, however, that a safer banking system would require sacrificing lending and economic growth. The Bankers' New Clothes examines this claim and the...
Persistent link: https://www.econbiz.de/10010681108
In 2012, Ben Bernanke, chairman of the U.S. Federal Reserve, gave a series of lectures about the Federal Reserve and the 2008 financial crisis, as part of a course at George Washington University on the role of the Federal Reserve in the economy. In this unusual event, Bernanke revealed...
Persistent link: https://www.econbiz.de/10010681113
A common set of mathematical tools underlies dynamic optimization, dynamic estimation, and filtering. In Recursive …
Persistent link: https://www.econbiz.de/10010681133
present the asymptotic concepts that their analysis relies on. Aït-Sahalia and Jacod also deal with estimation of the … volatility portion of the model, including methods that are robust to market microstructure noise, and address estimation and …
Persistent link: https://www.econbiz.de/10011082768