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How to end to the debt crisis in one month
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2011
The modern economic theory implemented today is inherently flawed. Unfortunately these flaws are not apparent in contemporary economic theory which is built on the idea that scarcity is an ever present condition; an approach referred to as scarce resource theory (SRT) in operating level...
Persistent link: https://www.econbiz.de/10009203644
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Market Myths in Contemporary Economics
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2010
This paper elaborates on the economic operating system (EOS) the role it can play in growth. It focuses on markets, price determination and forces of demand and supply in order to illustrate how an EOS model offers greater economic growth, stability and safety. This paper delves into market...
Persistent link: https://www.econbiz.de/10008685520
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The rise and fall of universal banking: ups and downs of a sample of large and complex financial institutions since the late ‘90s
Masciantonio, Sergio; Tiseno, Andrea - Volkswirtschaftliche Fakultät, … - 2012
We document the development of the major international banks since the late nineties, analysing balance sheet data for … crisis, showed all its shortcomings when the crisis erupted. European banks highlighted greater fragilities in their business …. Moreover, the contemporaneous effort by banks to move in this direction is likely to strengthen this shift. …
Persistent link: https://www.econbiz.de/10011258874
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Recessions, Growth and Financial Crises
Dwyer, Gerald P; Devereux, John; Baier, Scott L.; … - Volkswirtschaftliche Fakultät, … - 2013
We examine the relationship of banking crises with economic growth and recessions. Our data cover 21 economies from around the world, most from 1870 to 2009 with the rest starting in 1901 or earlier. The data include capital investment and human capital formation. We have two major findings....
Persistent link: https://www.econbiz.de/10011259781
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A coopetitive approach to financial markets stabilization and risk management
Carfì, David; Musolino, Francesco - Volkswirtschaftliche Fakultät, … - 2012
The aim of this paper is to propose a methodology to stabilize the financial markets by adopting Game Theory, in particular, the Complete Study of a Differentiable Game and the new mathematical model of Coopetitive Game, proposed recently in the literature by D. Carfì. Specifically, we will...
Persistent link: https://www.econbiz.de/10009652924
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Market Based, Segregated Exchanges with Default Risk
Kilenthong, Weerachart; Townsend, Robert - Volkswirtschaftliche Fakultät, … - 2007
This paper studies a competitive general equilibrium model with default and endogenous collateral constraints. Even though all collateralized contracts are allowed, the possibility and desirability of trade in spot markets (or the equivalent trade in ex ante asset backed securities) creates...
Persistent link: https://www.econbiz.de/10008552792
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Comparing two financial crises: the case of Hong Kong real estate markets
LEUNG, K. Y. Charles; TANG, C. H. Edward - Volkswirtschaftliche Fakultät, … - 2011
Hong Kong is no stranger to bubbles or crisis. During the Asian Financial Crisis(AFC), the Hong Kong housing price index drops more than 50% in less than a year. The same market then experiences the Internet Bubble, the SARS attack, and recently the Global Financial Crisis (GFC). This paper...
Persistent link: https://www.econbiz.de/10009149400
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Price Stability In Small Open Economies
Dmitriev, Mikhail; Hoddenbagh, Jonathan - Volkswirtschaftliche Fakultät, … - 2012
We study the conduct of monetary policy in a continuum of small open economies. We solve the model globally in closed form without restricting the elasticity of substitution between home and foreign goods to one. Using this global closed-form solution, we give an exact characterization of...
Persistent link: https://www.econbiz.de/10011111855
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Price Stability In Small Open Economies
Dmitriev, Mikhail; Hoddenbagh, Jonathan - Volkswirtschaftliche Fakultät, … - 2012
We study the conduct of monetary policy in a continuum of small open economies. We solve the model globally in closed form without restricting the elasticity of substitution between home and foreign goods to one. Using this global closed-form solution, we give an exact characterization of...
Persistent link: https://www.econbiz.de/10011113478
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Productivity shocks and Optimal Monetary Policy in a Unionized Labor Market Economy
Mattesini, Fabrizio; Rossi, Lorenza - Volkswirtschaftliche Fakultät, … - 2006
In this paper we analyze a general equilibrium DSNK model characterized by labor indivisibilities, unemployment and a unionized labor market. The presence of monopoly unions introduces real wage rigidities in the model. We show that as in Blanchard Galì (2005) the so called "divine coincidence"...
Persistent link: https://www.econbiz.de/10005623499