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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
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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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Impact of Economic Crisis on Innovation Behaviour of Industrial Firms In Russia
Kuznetsov, Boris - 2013
The paper focuses on empirical analysis of major factors that determine innovation activities of Russian manufacturing firms during the crisis. We presume that the crisis has ambiguous effects on firms' behaviour, on one hand limiting their financial capabilities to invest into new products...
Persistent link: https://www.econbiz.de/10013082604
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Geld
Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2004
This is a prepublication version of the German language version of the entry on ‘Money’ (‘Geld’) in the ‘Historisch Kritisch Wörterbuch des Marxismus’, a comprehensive dictionary of Marxist terminology being produced as an accompaniment to the Marx-Engels-Gesamt-Arbeite (Marx-Engels...
Persistent link: https://www.econbiz.de/10005619742
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Central bank’s role and involvement in bank regulation: Lender of last resort arrangements and the Special Resolution Regime (SRR)
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2009
This paper considers developments which have necessitated greater involvement and a greater role for the central bank … legislation such as the Banking Act of 2009 which has not only introduced greater statutory powers for the central bank, but also … the Special Resolution Regime. As well as a consideration of arguments which are in favour of the central bank’s role as …
Persistent link: https://www.econbiz.de/10009323454
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Is hazard or probit more accurate in predicting financial distress? Evidence from U.S. bank failures
Cole, Rebel A.; Wu, Qiongbing - Volkswirtschaftliche Fakultät, … - 2009
one-period probit model used by Cole and Gunther (1998). Using data on U.S. bank failures from 1985 – 1992, we find that …, from an econometric perspective, the hazard model is more accurate than the probit model in predicting bank failures, but … data from the 1980s performs surprisingly well in forecasting bank failures during 2009 – 2010. …
Persistent link: https://www.econbiz.de/10008615025
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Déjà vu all over again: The causes of U.S. commercial bank failures this time around
Cole, Rebel A.; White, Lawrence J. - Volkswirtschaftliche Fakultät, … - 2010
In this study, we analyze why U.S. commercial banks failed during the recent financial crisis. We find that proxies for commercial real estate investments, as well as traditional proxies for the CAMELS components, do an excellent job in explaining the failures of banks that were closed during...
Persistent link: https://www.econbiz.de/10008615045
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Microeconomic determinants of losses in financial institutions during the crisis
Forte, Antonio; Cepparulo, Alessandra - Volkswirtschaftliche Fakultät, … - 2012
In this study we try to explain the inclusion of banks in the WDCI list proposed by Bloomberg. This list collects a group of more than 100 banking institutions which, during the crisis, suffered losses. We explain the probability of being part of the list (to suffer severe or highly severe...
Persistent link: https://www.econbiz.de/10011258405
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Energy efficiency in transition: do market-oriented economic reforms matter?
Nepal, Rabindra - Volkswirtschaftliche Fakultät, … - 2011
Global climate change and security of supply concerns pose significant challenges for sustainable development as well as the need to improve energy efficiency in transition and developing economies. Meanwhile, economic theory suggests that market-based economic policies and reforms are crucial...
Persistent link: https://www.econbiz.de/10009294669
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The relationship between inflation, output growth, and their uncertainties: Evidence from selected CEE countries
Hasanov, Mübariz; Omay, Tolga - Volkswirtschaftliche Fakultät, … - 2010
In this paper, we examine causal relationships among inflation rate, output growth rate, inflation uncertainty and output uncertainty for ten Central and Eastern European transition countries. For this purpose, we estimate a bivariate GARCH model that includes output growth and inflation rates...
Persistent link: https://www.econbiz.de/10008743006