Similar Search Results

Offshore Investment Funds : Monsters in Emerging Markets?

Kim, Woochan - 1999

The 1997-99 financial crises in the emerging markets have brought to the foreground the concern about offshore investment funds and their possible role in exacerbating volatility in the markets they invest in. Offshore investment funds are alleged to engage in trading behaviors that are...

Persistent link: https://www.econbiz.de/10012471661

Answering the Queen : Machine Learning and Financial Crises

Fouliard, Jeremy - 2020

Financial crises cause economic, social and political havoc. Macroprudential policies are gaining traction but are still severely under-researched compared to monetary policy and fiscal policy. We use the general framework of sequential predictions also called online machine learning to forecast...

Persistent link: https://www.econbiz.de/10012482520

Precautionary Hoarding of Liquidity and Inter-Bank Markets : Evidence from the Sub-prime Crisis

Acharya, Viral V. - 2010

this structural break, settlement bank liquidity had a precautionary nature in that it rose on calendar days with a large … overnight inter-bank rates to rise, an effect virtually absent in the pre-crisis period. This liquidity effect on inter-bank … stronger banks operating through the inter-bank markets …

Persistent link: https://www.econbiz.de/10012462261

Market Response to Policy Initiatives during the Global Financial Crisis

Aït-Sahalia, Yacine - 2010

This paper examines the impact of macroeconomic and financial sector policy announcements in the United States, the United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia. Announcements of interest rate cuts, liquidity support, liability...

Persistent link: https://www.econbiz.de/10012462841

New Evidence on the First Financial Bubble

Frehen, Rik G.P. - 2009

The first global financial bubble in stock prices occurred 1720 in Paris, London and the Netherlands. Explanations for these linked bubbles primarily focus on the irrationality of investor speculation and the corresponding stock price behavior of two large firms: the South Sea Company in Great...

Persistent link: https://www.econbiz.de/10012463318

Aggregate Price Shocks and Financial Stability : The United Kingdom 1796-1999

Bordo, Michael D. - 2001

This paper investigates the impact historically of aggregate price shocks on financial stability in the United Kingdom. We construct an annual index of U.K. financial conditions for 1790-1999 and use a dynamic probit model to estimate the effect of aggregate price shocks on the index. We find...

Persistent link: https://www.econbiz.de/10012470133

Household Debt Overhang Did Hardly Cause a Larger Spending Fall during the Financial Crisis in Australia

Svensson, Lars E. O. - National Bureau of Economic Research - 2021

The "debt-overhang hypothesis" - that households cut back more on their spending in a crisis when they have higher levels of outstanding mortgage debt (Dynan, 2012) - seems to be taken for granted by macroprudential authorities in several countries in their policy decisions, as well as by the...

Persistent link: https://www.econbiz.de/10012533325

Household Debt Overhang Did Hardly Cause a Larger Spending Fall during the Financial Crisis in the UK

Svensson, Lars E. O. - National Bureau of Economic Research - 2021

Persistent link: https://www.econbiz.de/10012533355

The London Monetary and Economic Conference of 1933 and the End of The Great Depression : A “Change of Regime” Analysis

Edwards, Sebastian - 2017

In this paper I analyze the London Monetary and Economic Conference of 1933, an almost forgotten episode in U.S. monetary history. I study how the Conference shaped dollar policy during the second half of 1933 and early 1934. I use daily data to investigate the way in which the Conference and...

Persistent link: https://www.econbiz.de/10012455477

The Evolution of the Financial Stability Mandate : From Its Origins to the Present Day

Toniolo, Gianni - 2015

We investigate the origins and growth of the Financial Stability Mandate (FSM) to examine why bank supervisors, inside … changes in the FSM, (2) whether supervision should be conducted within the central bank or in independent agencies and (3 …) whether supervision should be rules- or discretion/principles-based. As histories of bank supervision are few, we focus on the …

Persistent link: https://www.econbiz.de/10012457822