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The present paper reviews the causes that led to the financial crisis. Unlike other interpretations, this paper does not place main significance on a single source or on a set of causes. I consider all major standpoints highlighted by research and media prior, during and after the financial...
Persistent link: https://www.econbiz.de/10009294924
This paper discusses the causes and the consequences of the financial crisis 2007-2008 with a focus on systemic risk management and the reform of the global financial architecture.
Persistent link: https://www.econbiz.de/10009650029
the crisis is that business cycles are for real and here to stay. The securitization of consumer debt magnified the losses …
Persistent link: https://www.econbiz.de/10011112745
In our paper we analyze the heterogeneity between various business models among systemically important banks in 65 countries over the period of 2000-2012. For the first time, we are able to identify true banking strategies consisting of different combinations of bank asset and funding sources...
Persistent link: https://www.econbiz.de/10011272695
A financial network model, where the coded identity of the counterparties of every trade is known, is applied to both stable and crisis periods in a large and liquid overnight repo market in an emerging market economy. We have analyzed the financial crisis by using various network investigation...
Persistent link: https://www.econbiz.de/10008694011
Over the recent years, it has increasingly been acknowledged that macro prudential policies are not only considered to be “a missing ingredient from the current policy framework”, but that there has also been “too huge a gap between macro economic policy and the regulation of individual...
Persistent link: https://www.econbiz.de/10008683306
The financial crisis has exposed the weaknesses in national and international economies, the disruption of the financial systems all over the world. The aim of this paper is to point out the importance of systemic risk management in the European Union (EU). Structured on two parts, the study...
Persistent link: https://www.econbiz.de/10008836752
this paper is to find some evidences for the pre/ crisis periods actual shifting in volatility for some major European … markets. The methodology is based on two particular measures of volatility and in structural changes tests. The main output … consists in the thesis that “volatility matters” for an extended financial crisis explanation. …
Persistent link: https://www.econbiz.de/10005620079
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
We build a general equilibrium model of bank competition in which securitization is the banks�optimal choice. A …
Persistent link: https://www.econbiz.de/10011258629