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As the world recovers only slowly from the 2008 financial crisis and Europe is facing a looming debt crisis, concerns have increased that the "new normal" -- a period of high unemployment, low returns on investment, high risks, and low growth -- may become protracted in advanced economies. If...
Persistent link: https://www.econbiz.de/10012550961
(especially between China and the United States)? Within the globalized financial system, how can regulation are improved? In …
Persistent link: https://www.econbiz.de/10012566167
The crisis has surged across the public-private boundary, as the hit to private firms’ balance sheets has now imposed heavy new demands on the public sector’s finances. It has surged across national borders within the developed world, as the people of Iceland know all too well. And nowthere...
Persistent link: https://www.econbiz.de/10012570558
Persistent link: https://www.econbiz.de/10012561658
The financial crisis arose in the industrial countries, but has affected developing countries through higher interest rates, sharp changes in commodity prices, and reductions in investment, trade, migration, and remittances. For most low-income countries, shocks that affect food prices or wage...
Persistent link: https://www.econbiz.de/10012561745
The crisis has surged across the public-private boundary, as the hit to private firms' balance sheets has now imposed heavy new demands on the public sector's finances. It has surged across national borders within the developed world, as the people of Iceland know all too well. And nowthere are...
Persistent link: https://www.econbiz.de/10012248316
The financial crisis arose in the industrial countries, but has affected developing countries through higher interest rates, sharp changes in commodity prices, and reductions in investment, trade, migration and remittances. For most low-income countries, shocks that affect food prices or wage...
Persistent link: https://www.econbiz.de/10012551646
The simmering sovereign debt crisis in the Euro Zone represents a looming threat to the recovery of the world economy and could lead to a renewed global financial crisis. The purpose of this paper is to analyze the root causes of the crisis in Europe and assess the extent to which it was driven...
Persistent link: https://www.econbiz.de/10012557056
This paper studies the causes, mechanisms and consequences of decreasing firm value and welfare loss in an economy under a fixed exchange rate regime when there is an unexpected appreciation in domestic currency. We also study the possible economic crisis caused by the exchange rate shock. We...
Persistent link: https://www.econbiz.de/10012562635
This paper advances an alternative explanation of the large external imbalance between the United States and China, and … emergence of China's recent large trade surpluses, with China accounting at its peak for at most one-third of this deficit. The … relative rise in China's savings in recent years can be attributed to an increase in its corporate savings, a trend that …
Persistent link: https://www.econbiz.de/10012562959