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The State of the Indian Economy 2009-10

Joseph, Mathew - 2009

Despite signs of recovery from the global financial crisis, the GDP growth rate for the Indian economy is likely to be between 5.8 to 6.1 per cent in 2009-10, below the 6.7 per cent recorded in fiscal 2008-09. While there has been an improvement in Indian industry, particularly the manufacturing...

Persistent link: https://www.econbiz.de/10011807647

MAKMODEL : a macro-econometric model for the Republic of Macedonia

Haan, Leo de; Naumovska, Aneta; Peeters, Marga - 2001

the econometric model. The last sections present some simulation and forecasting examples. The ultimate aim of MAKMODEL is …

Persistent link: https://www.econbiz.de/10011671798

Bank crises and investor confidence

Osili, Una Okonkwo; Paulson, Anna - 2008

In addition to their direct effects, episodes of financial instability may decrease investor confidence. Measuring the impact of a crisis on investor confidence is complicated by the fact that it is difficult to disentangle the effect of investor confidence from coincident direct effects of the...

Persistent link: https://www.econbiz.de/10010292170

In the long run we are all herd: On the nature and outcomes of the beauty contest

Esposito, Lorenzo; Mastromatteo, Giuseppe - 2020

Since the 2008 crisis, the economics literature has shown a renewed interest in Keynes's "beauty contest" (BC) as a fundamental aspect of the functioning of financial markets. We argue that to understand the importance of the BC, psychological and informational factors are of small importance,...

Persistent link: https://www.econbiz.de/10012610200

Trust in Banks? Evidence from normal times and from times of crises

Knell, Markus; Stix, Helmut - 2009

Trust in financial institutions is of great importance for financial intermediation. Against this background, we study two questions: Has trust in banks declined during the global financial crisis and what factors determine the level of trust in banks? Employing survey evidence from Austrian...

Persistent link: https://www.econbiz.de/10013370075

Minsky and the subprime mortgage crisis: The financial instability hypothesis in the era of financialization

Caverzasi, Eugenio - 2014

The aim of this paper is to develop a structural explanation of the subprime mortgage crisis, grounded on the combination of two apparently incompatible financial theories: the financial instability hypothesis by Hyman P. Minsky and the theory of capital market inflation by Jan Toporowski. Our...

Persistent link: https://www.econbiz.de/10010513054

Minsky, monetary policy, and mint street: Challenges for the art of monetary policymaking in emerging economies

Yanamandra, Srinivas - 2014

This paper examines the emerging challenges to the art of monetary policymaking using the case study of the Reserve Bank of India (RBI) in light of developments in the Indian economy during the last decade (2003-04 to 2013-14). The paper uses Hyman P. Minsky's financial instability hypothesis as...

Persistent link: https://www.econbiz.de/10010513058

Unconventional monetary policies and central bank profits: Seigniorage as fiscal revenue in the aftermath of the global financial crisis

Bibow, Jörg - 2018

This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage) before and in the aftermath of the global financial crisis of 2008-9, focusing on a select group of central banks - namely the Bank of England, the United States Federal Reserve System, the Bank of...

Persistent link: https://www.econbiz.de/10012142963

Financial conditions and density forecasts for US output and inflation

Alessandri, Piergiorgio; Mumtaz, Haroon - 2014

real economy is state-dependent and financial indicators may turn out to be useful particularly in forecasting "tail …

Persistent link: https://www.econbiz.de/10010339756

Simulation-based valuation of project finance: does model complexity really matter?

Weber, Florian; Schmid, Thomas; Pietz, Matthäus; … - 2010

forecasting techniques, e.g. correlation forecasts based on historical values and on a dynamic conditional correlation (DCC) model … varied. We find that the applied volatility forecasting models have a strong influence on the expected net present value … distribution and on the probability of default. In contrast, correlation forecasting models play a minor role. Time resolution and …

Persistent link: https://www.econbiz.de/10010305715