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EFFECTS OF INTERNATIONAL FINANCIAL CRISIS ON THE FINANCIAL SYSTEM AND MONETARY POLICY
Petre, Mihaela Cosmina; Bontas, Cristina Bunea - In: Romanian Economic Business Review 5 (2010) 3, pp. 236-245
extented in the USA, Europe and Japan seems to be much more painful than the economic downturn in 1981-1982. A massive drop of …
Persistent link: https://www.econbiz.de/10008835422
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What Is the Impact of the Global Financial Crisis on the Banking System in East Asia?
Pomerleano, Michael - eSocialSciences - 2009
liquidity (CAMEL). [WP 146]. …
Persistent link: https://www.econbiz.de/10004981656
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Asset Price Shocks, Financial Constraints, and Investment: Evidence from Japan
Goyal, Vidhan K.; Yamada, Takeshi - Center for Economic Institutions, Institute of Economic … - 2002
This paper examines investment spending of Japanese firms around the "asset price bubble" in the late-1980s and makes three contributions to our understanding of how stock valuations affect investment. First, corporate investment responds significantly to nonfundamental components of stock...
Persistent link: https://www.econbiz.de/10005045155
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Free-riding on liquidity
Berentsen, Aleksander; Huber, Samuel; Marchesiani, … - Institut für Volkswirtschaftslehre, … - 2011
Do financial market participants free-ride on liquidity? To address this question, we construct a dynamic general …
Persistent link: https://www.econbiz.de/10009321750
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Transition to Equilibrium in International Trades.
Giraud, Gaël; Rochon, Céline - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2010
Theory of Money holds provided the economy is not trapped in a liquidity hole. The traditional theory of comparative …
Persistent link: https://www.econbiz.de/10009398286
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Central Banks as Lenders of Last Resort - Trendy or Passe?
Laidler, David - University of Western Ontario, Economic Policy Research … - 2004
of crisis, but also and crucially to provide liquidity to the market. In modern circumstances, banking systems are …
Persistent link: https://www.econbiz.de/10005812563
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Central bank liquidity and market liquidity: the role of collateral provision on the French government debt securities market.
Avouyi-Dovi, S.; Idier, J. - Banque de France - 2010
We examine the effects of collateral provision as a potential channel between funding liquidity tensions and the … scarcity of market liquidity. This channel consists in transferring the credit risk associated with refinancing operations … between financial institutions to market participants that bear new liquidity risk on the market associated with collateral …
Persistent link: https://www.econbiz.de/10008516105
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Causes of the Financial Crisis: an Assessment Using UK Data
Martin, Christopher; Milas, Costas - Rimini Centre for Economic Analysis (RCEA) - 2009
We present empirical evidence that the marked rise in liquidity in 2001-2007 was due to large and persistent current … account deficits and loose monetary policy. If this increase in liquidity was a pre-condition for the financial crisis that …
Persistent link: https://www.econbiz.de/10008520459
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The Quest for Stability: the macro view
Buiter, Willem Hendrik; Gerlach, Stefan; Kool, Clemens J.M. - SUERF - The European Money and Finance Forum
On September 3-4, 2009 SUERF and Utrecht University School of Economicsorganized the Colloquium "The Quest for Stability" in Utrecht, the Netherlands. The papers included in this SUERF Study are based on contributions to the Colloquium.
Persistent link: https://www.econbiz.de/10008544608
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Causes of the Financial Crisis : An Assessment using UK Data
Martin, Christopher; Milas, Costas - Department of Economics, University of Bath - 2009
We present empirical evidence that the marked rise in liquidity in 2001-2007 was due to large and persistent current … account deficits and loose monetary policy. If this increase in liquidity was a pre-condition for the financial crisis that …
Persistent link: https://www.econbiz.de/10008477202