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The Great Depression and the Great Recession: A Comparative Analysis of their Analogies
Peicuti, Cristina - Volkswirtschaftliche Fakultät, … - 2014
The decades preceding the Great Depression and the U.S. subprime mortgage crisis have close similarities. Both decades were characterized by rapid growth without major contractions, by an increase in liquidity, a lack of inflation, and a generalized decrease in risk premiums. Additional...
Persistent link: https://www.econbiz.de/10011110198
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All Things Considered: The Interaction of the Reasons for the Financial Crisis
Rioja, Abdala; E, Yamile - Volkswirtschaftliche Fakultät, … - 2011
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
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Monetary Policy and Share Pricing Business in Nigeria
Adesoye, A. Bolaji; Atanda, Akinwande AbdulMaliq - Volkswirtschaftliche Fakultät, … - 2012
The anatomy of Nigerian financial system is composed of the money and capital markets. Monetary policy is a framework used by the apex bank to regulate the flow of loanable funds in the economy, though the pricing of equity used by private investors to raise capital from the economy is carried...
Persistent link: https://www.econbiz.de/10009397189
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Shocks on the Romanian foreign exchange market before and after the global crisis
Dumitriu, Ramona; Stefanescu, Razvan - Volkswirtschaftliche Fakultät, … - 2011
significant differences, explainable not only by the direct effects of the crisis, but also by the intervention of the National …
Persistent link: https://www.econbiz.de/10009647454
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Flight to Liquidity and Global Equity Returns
Goyenko, Ruslan; Sarkissian, Sergei - Volkswirtschaftliche Fakultät, … - 2010
Investment practice and academic literature suggest a great degree of interaction between the world’s stock markets and most liquid and safe assets, such as U.S. Treasuries. Using data from 46 markets and a 30-year time period, we examine the impact of “flight-to-liquidity” events on...
Persistent link: https://www.econbiz.de/10008765918
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Euro and the three Cs - competition, competitiveness, convergence
Iordan-Constantinescu, Nicolae - Volkswirtschaftliche Fakultät, … - 2014
The article argues that neither the EU member states, nor the EU candidate states give enough attention to the requirement of maintaining a high economic performance of their economies by convergence and competitiveness strategies, so that they could have "the capacity to cope with competitive...
Persistent link: https://www.econbiz.de/10011108218
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An actuarial approach to short-run monetary equilibrium
Mierzejewski, Fernando - Volkswirtschaftliche Fakultät, … - 2007
The extent to which the money supply affects the aggregate cash balance demanded at a certain level of nominal income and interest rates is determined by the interest-rate-elasticity and stability of the money demand. An actuarial approach is adopted in this paper for dealing with investors...
Persistent link: https://www.econbiz.de/10005789895
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Excess reserves, interbank markets and domestic money market intervention
Willmott, Bryony - Volkswirtschaftliche Fakultät, … - 2014
excess reserves, which may guide domestic money market intervention. Monetary survey data for the period 1st June 2011 – 13th … rate movements, even though a Granger causality test shows that in the absence of money market intervention, the level of … from Central Bank intervention to the target interbank rate, but no correlation between the two. Furthermore, there is no …
Persistent link: https://www.econbiz.de/10011111546
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Decizii strategice ale politicii monetare
Dumitriu, Ramona; Stefanescu, Răzvan - Volkswirtschaftliche Fakultät, … - 2013
The conduct of the monetary policy could be view as a series of decisions in which the objectives and tools are chosen. This paper explores some aspects of the strategic decisions of the monetary policy such as the roles played by central banks and other public authorities, the main constraints...
Persistent link: https://www.econbiz.de/10011259520
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Graph representation of balance sheets: from exogenous to endogenous money
Pitrou, Cyril - Volkswirtschaftliche Fakultät, … - 2015
A graph representation of the financial relations in a given monetary structure is proposed. It is argued that the graph of debt-liability relations is naturally organized and simplified into a tree structure, around banks and a central bank. Indeed, this optimal graph allows to perform payments...
Persistent link: https://www.econbiz.de/10011262872