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Iceland's Economic and Financial Crisis: Causes, Consequences and Implications

Spruk, Rok - Volkswirtschaftliche Fakultät, … - 2010

Iceland experienced a significant financial meltdown and subsequent economic downturn after the 2008/2009 financial … onwards. Since 1980s, Iceland's macroeconomic stability had been constantly deteriorated by the most volatile annual CPI and … also provides a short-term analysis of Iceland's macroeconomic outlook. The main findings of the article conclude that the …

Persistent link: https://www.econbiz.de/10008919755

What broke the bubble?

Barnett, William A. - Volkswirtschaftliche Fakultät, … - 2008

This paper is the basis for the Guest Columnist article in the Tuesday, November 11, 2008 issue of the Kansas City Star newspaper's Business Weekly. Because of space limitations, the published newspaper column had to be shortened from the original and unfortunately did not include either of the...

Persistent link: https://www.econbiz.de/10005622040

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

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

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

Cause and cure of the crisis

Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014

The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...

Persistent link: https://www.econbiz.de/10011108214

Causes of Financial Crises Past and Present: The Role of the This Time is Different Syndrome

Reinhart, Carmen; Rogoff, Kenneth - Volkswirtschaftliche Fakultät, … - 2012

In this note, we attempt to place the question of how we got to the global financial crisis that began as the US Subprime debacle in the summer of 2007 in the context of an international and historical comparative setting. It is of some poignancy that the “we” here refers to the wealthiest...

Persistent link: https://www.econbiz.de/10011259756

Monetary policy options for mitigating the impact of the global financial crisis on emerging market economies.

Dąbrowski, Marek A.; Śmiech, Sławomir; Papież, Monika - Volkswirtschaftliche Fakultät, … - 2013

Though the hypothesis that exchange rate regimes fully predetermine monetary policy in the face of external shocks hardly finds any advocates on theoretical ground it has crept in the most of empirical research. This study adopts a more discerning empirical approach that looks at monetary policy...

Persistent link: https://www.econbiz.de/10011109484

U.S. Monetary Policy and Stock Prices: Should the Fed Attempt to Control Stock Prices?

John, Tatom - Volkswirtschaftliche Fakultät, … - 2009

This article rejects the linkages in proposals that the Federal Reserve Bank (Fed) target equity prices. The real federal funds rate (RFF) and stock prices (SP) are uncorrelated; causality tests show a positive effect of SP on RFF and a negative effect of SP on RFF. These results occur as part of...

Persistent link: https://www.econbiz.de/10008476386

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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