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Review of "This time is different : eight centuries of financial folly by Carmen M. Reinhart and Kenneth S. Rogoff"

Kose, M. Ayhan - 2011

This Time is Different: Eight Centuries of Financial Folly is one of the best, if not the best, books ever written on the history of financial crises. It presents a comprehensive survey of financial crises utilizing an extraordinary database of macroeconomic and financial series. The massive...

Persistent link: https://www.econbiz.de/10008900898

Kriz ve korumacılık : Tarih tekerrür edecek mi?

Öz, Sumru - 2009

As a result of the current global financial crisis, in 2009 the world economy is likely to experience the largest … contraction since World War II and the unemployment rate to reach historical highs in many countries. The fact that the current … Great Depression are not valid anymore to a great extent. Together with the decisions taken by the leaders of the world …

Persistent link: https://www.econbiz.de/10003864235

Joblessness and perceptions about the effectiveness of democracy

Altindag, Duha Tore; Mocan, Naci - 2010

. -- Unemployment duration ; Democracy ; Education ; Development ; World Values Survey …

Persistent link: https://www.econbiz.de/10008669948

Urban poverty and support for Islamist terror : survey results of Muslims in fourteen countries

Mousseau, Michael - 2010

Survey respondents in fourteen countries representing 62% of the world’s Muslim population indicate that approval of …

Persistent link: https://www.econbiz.de/10008669952

The global financial crisis : how similar? ; how different? ; how costly?

Claessens, Stijn; Kose, M. Ayhan; Terrones, Marco E. - 2010

episode took a very heavy toll on the real economy, we argue that this was not a surprising outcome. In particular, historical …

Persistent link: https://www.econbiz.de/10008669963

Business cycles around the globe : a regime switching approach

Altuğ, Sumru; Bildirici, Melike - 2010

This paper characterizes business cycle phenomena in a sample of 22 developed and developing economies using a univariate Markov regime switching approach. It examines the efficacy of this approach for detecting business cycle turning points and for identifying distinct economic regimes for each...

Persistent link: https://www.econbiz.de/10008669967

Financial regulation, integration and synchronization of economic activity

Kalemli-Ozcan, Sebnem; Papaioannou, Elias; Peydró, … - 2010 - rev.

We investigate the effect of financial integration on the degree of international business cycle synchronization. For identfication, we use a confidential database on banks' bilateral exposure over the past three decades and employ a novel bilateral country-pair panel instrumental vari- ables...

Persistent link: https://www.econbiz.de/10008669981

Better to give than to receive : predictive directional measurement of volatility spillovers

Diebold, Francis X.; Yılmaz, Kamil - 2010 - rev.

Using a generalized vector autoregressive framework in which forecast-error variance decompositions are invariant to variable ordering, we propose measures of both total and directional volatility spillovers. We use our methods to characterize daily volatility spillovers across U.S. stock, bond,...

Persistent link: https://www.econbiz.de/10008669987

Asymmetric response to monetary policy surprises at the long-end of the yield curve

Demiralp, Selva; Yılmaz, Kamil - 2009

This paper provides a dynamic analysis of the responsiveness of asset markets to monetary policy path revisions. In an era of increased transparency and gradualism in policy making, one might expect an increased response to path revisions in asset markets as the policy actions become more...

Persistent link: https://www.econbiz.de/10008670138

Cyclical dynamics of industrial production and employment : Markov chain-based estimates and test

Altuğ, Sumru; Tan, Barış; Gencer, Gözde - 2011

This paper characterizes the business cycle as a recurring Markov chain for a broad set of developed and developing countries. The objective is to understand differences in cyclical phenomena across a broad range of countries based on the behavior of two key economic times series - industrial...

Persistent link: https://www.econbiz.de/10008808148