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The global financial crisis and a new capitalism?
Bresser-Pereira, Luiz Carlos - 2010
-based on self-regulated and efficient markets. Although laissez-faire capitalism is intrinsically unstable, the lessons of the … regulations that led to the '30 glorious years of capitalism' (1948-77) and that could have helped avoid a financial crisis as … to predict. It will not be financialized, but the glory years' tendencies toward a global and knowledge-based capitalism …
Persistent link: https://www.econbiz.de/10010281712
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How National are Business Systems? The Role of Different State Types and Complementary Institutions in Constructing Homogenous Systems of Economic Coordination and Control
Whitley, Richard - Manchester Business School - 2003
A central tenet of economic sociology is that culture and regulatory institutions help to constitute the nature of economic actors and guide their actions, thus affecting economic outcomes (see, e.g., DiMaggio, 1994; Smelser and Swedberg, 1994). As socially organised agents operating in different...
Persistent link: https://www.econbiz.de/10005869981
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The German 'debt brake': A shining example for European fiscal policy?
Truger, Achim; Will, Henner - 2012
Many observers consider the German 'debt brake' beyond criticism. In the current crisis, many European countries have …
Persistent link: https://www.econbiz.de/10010310935
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Verantwortliches Handeln: Gestalten von Ordnung
Falkinger, Josef - 2012
Das Geschehen auf den Finanzmärkten hängt vom individuellen Verhalten ab, wird aber auch wesentlich bestimmt durch die Ausgestaltung des Finanzsystems, das heisst durch die Rollen, die den einzelnen Akteure zugewiesen werden, und durch die Regeln für die Interaktion der verschiedenen Rollen....
Persistent link: https://www.econbiz.de/10010316833
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Mitigating the COVID-19 effect: Emergency economic policy-making in Central Europe
Podvršič, Ana; Becker, Joachim; Piroska, Dóra; … - 2020
The paper analyses the economic policy-making in the first phase of the epidemic in five Central Europe countries, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. We focus on the participatory character of the governments'...
Persistent link: https://www.econbiz.de/10014565926
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Theories of finance and financial crisis: Lessons for the Great Recession
Dodig, Nina; Herr, Hansjörg - 2015
the Great Recession, what visions they develop about future development of capitalism and to which extent these different …
Persistent link: https://www.econbiz.de/10010491264
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Financialisation and stagnation: A macroeconomic regime perspective
Hein, Eckhard - 2020
In this contribution we link the recently re-discovered tendencies towards stagnation with the features of financialisation, which have started to dominate developed capitalist economies in the early 1980s. We review the main macroeconomic channels of transmission of financialisation-namely, the...
Persistent link: https://www.econbiz.de/10012292734
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Economists in the 2008 financial crisis: Slow to see, fast to act
Levy, Daniel C.; Mayer, Tamir; Raviv, Alon - 2022
We study the economics and finance scholars' reaction to the 2008 financial crisis using machine learning language analyses methods of Latent Dirichlet Allocation and dynamic topic modelling algorithms, to analyze the texts of 14,270 NBER working papers covering the 1999-2016 period. We find...
Persistent link: https://www.econbiz.de/10014304174
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Equity capital, bankruptcy risk and the liquidity trap
Levintal, Oren - 2011
This paper explains the emergence of liquidity traps in the aftermath of large-scale financial crises, as happened in the US 1930s, Japan 1990s and recently in the US and Europe. The paper introduces a new balance sheet channel that links equity capital to the risk-free interest rate. When...
Persistent link: https://www.econbiz.de/10010335985
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The effects of the saving and banking glut on the U.S. economy
Justiniano, Alejandro; Primiceri, Giorgio E.; … - 2013
We use a quantitative equilibrium model with houses, collateralized debt and foreign borrowing to study the impact of global imbalances on the U.S. economy in the 2000s. Our results suggest that the dynamics of foreign capital flows account for between one fourth and one third of the increase in...
Persistent link: https://www.econbiz.de/10010352184