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Banking Crises : An Equal Opportunity Menace

Reinhart, Carmen M. - 2008

Banking crises dramatically weaken fiscal positions in both groups, with government revenues invariably contracting, and fiscal expenditures often expanding sharply. Three years after a financial crisis central government debt increases, on average, by about 86 percent. Thus the fiscal burden of...

Persistent link: https://www.econbiz.de/10012464062

Sudden Stops : Determinants and Output Effects in the First Era of Globalization, 1880-1913

Bordo, Michael D. - 2007

in capital inflows during an era of intensified globalization. We find that higher levels of original sin (hard currency …

Persistent link: https://www.econbiz.de/10012465157

Finance, inequality, and poverty : cross-country evidence

Beck, Thorsten - 2004

"While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we distinguish among competing theoretical predictions...

Persistent link: https://www.econbiz.de/10010522996

Finance, Inequality, and Poverty : Cross-Country Evidence

Beck, Thorsten - 2004

While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we distinguish among competing theoretical predictions...

Persistent link: https://www.econbiz.de/10012467709

Exchange Rate Regime Durability and Performance in Developing Countries Versus Advanced Economies

Husain, Aasim M. - 2004

Drawing on new data and advances in exchange rate regimes' classification, we find that countries appear to benefit by having increasingly flexible exchange rate systems as they become richer and more financially developed. For developing countries with little exposure to international capital...

Persistent link: https://www.econbiz.de/10012468017

Riding the Wave of Trade : Explaining the Rise of Labor Regulation in the Golden Age of Globalization

Huberman, Michael - 2009

labor regulation of partners because intraindustry trade was important. The New World exported less differentiated products …

Persistent link: https://www.econbiz.de/10012463276

Does Inequality Lead to a Financial Crisis?

Bordo, Michael D. - 2012

The recent global crisis has sparked interest in the relationship between income inequality, credit booms, and financial crises. Rajan (2010) and Kumhof and Rancière (2011) propose that rising inequality led to a credit boom and eventually to a financial crisis in the US in the first decade of...

Persistent link: https://www.econbiz.de/10012460764

Financial Globalization : A Reappraisal

Kose, M. Ayhan - 2006

The literature on the benefits and costs of financial globalization for developing countries has exploded in recent … perspective on the macroeconomic effects of financial globalization, both in terms of growth and volatility. Overall, our critical … benefit from financial globalization, but with many nuances. On the other hand, there is little systematic evidence to support …

Persistent link: https://www.econbiz.de/10012466181

Austerity and the rise of the Nazi party

Galofré-Vilà, Gregori - 2017

The current historical consensus on the economic causes of the inexorable Nazi electoral success between 1930 and 1933 suggests this was largely related to the Treaty of Versailles and the Great Depression (high unemployment and financial instability). However, these factors cannot fully account...

Persistent link: https://www.econbiz.de/10012453607

International Aspects of the Great Depression and the Crisis of 2007 : Similarities, Differences, and Lessons

Grossman, Richard S. - 2010

-slump macroeconomic cycles. During both crises, world trade collapsed faster than world incomes and the trade decline was highly …

Persistent link: https://www.econbiz.de/10012462356