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Fragile by Design: The Political Origins of Banking Crises and Scarce Credit
Calomiris, Charles W.; Haber, Stephen H. - Princeton University Press
Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic … banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone … but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking …
Persistent link: https://www.econbiz.de/10011082760
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Fragile by Design: The Political Origins of Banking Crises and Scarce Credit
Calomiris, Charles W.; Haber, Stephen H. - Princeton University Press
Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic … banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone … but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking …
Persistent link: https://www.econbiz.de/10011082767
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Asset price bubbles, monetary policy and financial crisis
Atesoglu, H. Sonmez - In: International Journal of Public Policy 7 (2011) 1/2/3, pp. 195-202
In this paper, asset price bubbles in equities and housing that were developed from August 1987 to September 2008 are examined. Monetary policy reaction functions are estimated. Results revealed that, although not successful in pricking the bubble, the Federal Reserve System did follow a...
Persistent link: https://www.econbiz.de/10010817025