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shorty before and on the onset of the global financial crisis, the link between credit growth and GDP growth becomes more … global financial crisis. Overall, our results suggest feedback effects between the financial and the real sectors that create … rippling effects within and between the G7 countries during the global financial crisis. …
Persistent link: https://www.econbiz.de/10010839598
respective major crisis triggers (Lehman’s collapse in the US and the 2009 admission by Papandreou, that Greece’s deficit was … those widely observed crisis triggers is similar in the EA and in the US, the behavior of their reserves is quite different …
Persistent link: https://www.econbiz.de/10011096105
A New Consensus in Macroeconomics (NCM) has emerged over the past couple of decades or so, which has become highly influential in terms of current thinking on the macroeconomy and of economic policy, especially monetary policy. Its main implication for economic policy has been the implementation...
Persistent link: https://www.econbiz.de/10010849645
level of seigniorage, section 3 estimates the evolution of Seigniorage during the crisis. …
Persistent link: https://www.econbiz.de/10010926029
period until the financial crisis? Did commercial banks respect capital requirements? The two questions are strictly … dealers, mutual funds, etc.) that steadily increased until the crisis. Its effects over real economy could be investigated in …
Persistent link: https://www.econbiz.de/10011258987
and recession. However, the uncertainty generated by the crisis accentuated the unexpected component of credit worsening …-average ability in calibrating rates to risk during the crisis; banks with a stronger relationship with borrowers smoothed the risk …
Persistent link: https://www.econbiz.de/10009193014
the period until the financial crisis? Did commercial banks respect capital requirements? The two questions are strictly … dealers, mutual funds, etc.) that steadily increased until the crisis. Its effects over real economy could be investigated in …
Persistent link: https://www.econbiz.de/10011160708
Mill on the crisis of 1825 This article studies the crisis which, in 1825, affected the English economy and the works … the organization of the English banking system played, if not in the origin at least in the development of the crisis, a … remarkable role. Mill, on the contrary, thinks that the crisis is the effect of over-trading and that it would have developed as …
Persistent link: https://www.econbiz.de/10010633159
The currency board (Convertibility) collapsed between December 2001 and January 2002, after almost 11 years in force. The trends leading to the meltdown continued in the following months, plunging half of the population into poverty and one third into extreme poverty. Only six months later, the...
Persistent link: https://www.econbiz.de/10010849656
of crisis that, from our point of view, have mainly characterized our economies in the near past. Moreover, we emphasize … volatility and crisis probability. The uncertainty and low credibility of policies have shown a tendency to mutually reinforce by …
Persistent link: https://www.econbiz.de/10010849673