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Cause and cure of the crisis
Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014
seemed to solve stagflation but only repressed it and resulted into the crisis since 2007. The return of regulation also … causes the return of stagflation: what was repressed before now is into the open again. Re-regulation is required indeed but …
Persistent link: https://www.econbiz.de/10011108214
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Real economy causes of the Great Deprivation of early 21st Century
Naqvi, Nadeem - Volkswirtschaftliche Fakultät, … - 2008
The American economy has undergone a dramatic structural change in the first decade of the 21st Century. The real-economy causes of this transformation, and their expression via the real estate market and its financial derivatives’ market, and their final manifestation in world financial...
Persistent link: https://www.econbiz.de/10005836611
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TARGET2 imbalances and the need for a lender of last resort
Astarita, Caterina; Purificato, Francesco - Volkswirtschaftliche Fakultät, … - 2013
This paper analyses the issue of the dynamics of the TARGET2 system balances during the sovereign debt crisis. The development of these balances reflects the change in the distribution of the monetary base among the EMU Member States. During the sovereign debt crisis, while some countries, among...
Persistent link: https://www.econbiz.de/10011259805
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Structure versus Agency in the Great Deprivation of 21st Century
Naqvi, Nadeem - Volkswirtschaftliche Fakultät, … - 2009
Agency-based explanations of the great deprivation, contrasted with structure-based explanations, suffer not merely from the criticism of relying on irrational and irresponsible behavior of millions, including that of the most astute financial experts, but are also at a loss to explain why such...
Persistent link: https://www.econbiz.de/10005619598
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Why the transfer of bank supervisory powers back to the Bank of England is a step in the right direction: Revisiting the role of external auditors in bank and financial services su...
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2012
progress is to be made in the effective regulation and supervision of the financial services sector. It also highlights …
Persistent link: https://www.econbiz.de/10011259086
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Competing risks analysis and deposit insurance governance convergence
Christopher, Gandrud - Volkswirtschaftliche Fakultät, … - 2011
Why do policies often seem to converge across countries at the same time? This question has been studied extensively in the diffusion literature. However, past research has not examined complex choice environments, especially where there are many alternatives. My paper aims to fill this gap in...
Persistent link: https://www.econbiz.de/10009422000
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The need for government and central bank intervention in financial regulation: Free banking and the challenges of information uncertainty
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010
government and central bank intervention are essential and required in financial regulation. The role presently assumed by … regulation is not the same as it was thirty years ago. Deregulation and conglomeration have significantly altered the landscape … in which regulation previously existed and to an extent, defined the role which it presently assumes. For this reason …
Persistent link: https://www.econbiz.de/10008574262
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Macro Financial Determinants of the Great Financial Crisis: Implications for Financial Regulation
Caprio, Gerard Jr.; D'Apice, Vincenzo; Ferri, Giovanni; … - Volkswirtschaftliche Fakultät, … - 2010
help policymakers calibrate new regulation, by achieving a reasonable trade-off between financial stability and economic …
Persistent link: https://www.econbiz.de/10008684878
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Towards a pure state theory of money
Ballinger, Clint - Volkswirtschaftliche Fakultät, … - 2013
MODERN MONETARY THEORY (MMT) notes correctly that money is a creature of the state, and that important macroeconomic and policy conclusions follow from this understanding, e.g., sovereign states are not revenue constrained and spending is primarily limited by inflation. Taxes give value to state...
Persistent link: https://www.econbiz.de/10011258509
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Crises and the recent recession
Tatom, John - Volkswirtschaftliche Fakultät, … - 2010
The United States economy has suffered over the past four years from crises in mortgage foreclosures and in financial markets, as well as a long recession that some have referred to as the Great Recession. The links between these events, or more broadly the causes, extent and effects of these...
Persistent link: https://www.econbiz.de/10009220099