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Capital Market, Severity of Business Cycle, and Probability of Economic Downturn
Tharavanij, Piyapas - Volkswirtschaftliche Fakultät, … - 2007
This paper investigates the effect of capital market development on severity of economic contraction, and probability of economic downturn. The major finding is that countries with deeper capital market would face less severe business cycle output contraction, and lower chance of an economic...
Persistent link: https://www.econbiz.de/10005617075
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Capital Market and Business Cycle Volatility
Tharavanij, Piyapas - Volkswirtschaftliche Fakultät, … - 2007
This paper investigates cross-country evidence on how capital market affects business cycle volatility. In contrast to … and volatility has been relatively scarce. Theoretically, more developed capital market should lead to lower macroeconomic … volatility. The major finding is that countries with more developed capital market have smoother economic fluctuations. Results …
Persistent link: https://www.econbiz.de/10005617093
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Capital Market Development, Frequency of Recession, and Fraction of Time the Economy in Recession
Tharavanij, Piyapas - Volkswirtschaftliche Fakultät, … - 2007
This paper investigates the effect of capital market development on the frequency of recession and the fraction of time the economy in recession using quarterly data of thirty-five countries from 1975 to 2004. The main finding is that frequency of recession is not robustly linked to measures of...
Persistent link: https://www.econbiz.de/10005621858
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Capital mobility and macroeconomic volatility: evidence from Greece
Anastasios, Pappas - Volkswirtschaftliche Fakultät, … - 2010
This paper focuses on the impact of full capital account liberalization on macroeconomic volatility in Greece … reduce macroeconomic volatility. The link between macroeconomic volatility and capital account openness in the Greek economy …. There is no strong evidence for a stable relation between macroeconomic volatility and variables of financial openness. Thus …
Persistent link: https://www.econbiz.de/10009372530
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Basel III and responding to the recent Financial Crisis: progress made by the Basel Committee in relation to the need for increased bank capital and increased quality of loss absor...
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010
Accord, Basel II, evolved to a form of meta regulation – a type of regulation which involves the risk management of internal …
Persistent link: https://www.econbiz.de/10008646772
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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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Finance-dominated capitalism in crisis – the case for a Global Keynesian New Deal
Hein, Eckhard; Truger, Achim - Volkswirtschaftliche Fakultät, … - 2010
We analyse the long-run imbalances of finance-dominated capitalism underlying the present crisis – which began in 2007 – with a focus on developments in the US and Germany. We argue that beyond inefficient regulation of the financial sector, the severeness of the present crisis has been...
Persistent link: https://www.econbiz.de/10008592982
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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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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
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Cycles and Crises in a Model of Debt-financed Investment-led Growth
Datta, Soumya - Volkswirtschaftliche Fakultät, … - 2012
The paper demonstrates possibilities of both convergence to the steady state and emergence of stable growth cycles around it in a simple macrodynamic model of debt-financed investment-led growth. The growth cycles are robust and are generated endogenously, either due to the existence of a...
Persistent link: https://www.econbiz.de/10011107341