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The Impact of a Low Interest Rate Environment: Empirical Evidence from the Euro Area Bank Lending Survey

Khosravi, Taha - 2015

part ever since the initiation of the Euro area Bank Lending Survey, this study focuses on three different time frames of … loans. Additionally, the outcomes of this study indicate that the European Central Bank 3 year long-term refinancing … risk-taking in bank lending behaviour took place, especially during periods of low monetary policy rates both pre- and post-crisis. …

Persistent link: https://www.econbiz.de/10015249490

Multiple Reserve Requirements, Exchange Rates, Sudden Stops and Equilibrium Dynamics in a Small Open Economy

Hernandez-Verme, Paula; Wang, Wen-Yao - 2009

nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex …

Persistent link: https://www.econbiz.de/10015217851

The world's dream: economic growth : the balance sheet approach

De Koning, Kees - 2012

Economists may need to change their tools of analysis from analysing income and expenditure contributors (GDP) to asset value contributors -the net worth levels of individual households-. Assessment of the latter requires a balance sheet analysis. Why; because the level of individual...

Persistent link: https://www.econbiz.de/10015234591

The persistent and generalised decline in the U. S. interest rates: an alternative interpretation

Capraro, Santiago; Panico, Carlo; Torres-Gonzalez, Luis … - 2021

transformation of "specialized" banking into "universal", and the FED's concern with financial instability have led the central bank …

Persistent link: https://www.econbiz.de/10015256887

Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers

Levy, Daniel; Mayer, Tamir; Raviv, Alon - 2020

Textual analysis of the NBER Working Papers published during 1999–2016 is done to assess the effects of the 2007–2009 crisis on the academic literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial-instability-index. WPs by the Monetary-Economics,...

Persistent link: https://www.econbiz.de/10015266578

Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers

Levy, Daniel; Mayer, Tamir; Raviv, Alon - 2020

Textual analysis of 14,270 NBER Working Papers published during 1999–2016 is done to assess the effects of the 2008 crisis on the economics literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial-instability-index. WPs by the Monetary-Economics, Asset-Pricing,...

Persistent link: https://www.econbiz.de/10015266597

Economists in the 2008 Financial Crisis: Slow to See, Fast to Act

Levy, Daniel; 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/10015267336

Supply Side Keynesianism

Obregon, Carlos - 2022

The argument made in this manuscript is that the two traditional macroeconomic tools, fiscal policy and monetary policy, are insufficient to bring back efficiently into equilibrium an economy that has had a major crisis. Both traditional macro-tools only work through the demand side, and there...

Persistent link: https://www.econbiz.de/10015214329

Comparing two financial crises: the case of Hong Kong real estate markets

LEUNG, K. Y. Charles; TANG, C. H. Edward - 2011

Hong Kong is no stranger to bubbles or crisis. During the Asian Financial Crisis(AFC), the Hong Kong housing price index drops more than 50% in less than a year. The same market then experiences the Internet Bubble, the SARS attack, and recently the Global Financial Crisis (GFC). This paper...

Persistent link: https://www.econbiz.de/10015227363

Theory and Evidence on the Finance-Growth Relationship: The Virtuous and Unvirtuous Cycles

Lauretta, Eliana; Chaudhry, Sajid; Mullineux, Andy - 2015

Since the 1980s, financial crises have tended to reoccur with increasing frequency and growing intensity. They are endogenously generated by the established OTD (Originate-To-Distribute) model within the new finance-growth paradigm. Good finance fosters the correct allocation of financial...

Persistent link: https://www.econbiz.de/10015251538