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On the Stability of Different Financial Systems

Fecht, Falko - 2003

An economy in which deposit-taking banks of a Diamond/ Dybvig style and an asset market coexist is modelled. Firstly, within this framework we characterize distinct financial systems depending on the fraction of households with direct investment opportunities that are less efficient than those...

Persistent link: https://www.econbiz.de/10010316242

Lessons from a small country in a financial crisis or Dr. Minsky and Mr. Ponzi in Iceland

Magnusson, Gylfi - 2010

Persistent link: https://www.econbiz.de/10014306488

Public expenditures on education and health in Ukraine before and during the global crisis

Betliy, Oleksandra; Boyarchuk, Dmytro; Orlova, Irina - 2011

The report analyzes the impact of the global financial crisis on public services delivery in education and healthcare. The analysis has been undertaken from the macro-perspective. Pre-crisis and crisis economic developments are outlined and fiscal accounts developments are presented. The...

Persistent link: https://www.econbiz.de/10010326574

The East European financial crisis

Åslund, Anders - 2009

This paper discusses the global financial crisis of 2008/9 in thirteen countries, the ten new EU members that previously were communist and the three countries of Western former Soviet Union. Their problems were excessive current account deficits and private foreign debt, currency mismatches,...

Persistent link: https://www.econbiz.de/10011430838

Contagion and Spillovers: New Insights from the Crisis

Backé, Peter; Feldkircher, Martin; Gnan, Ernest; … - 2010

On February 12, 2010, SUERF, the Oesterreichische Nationalbank and the Bankwissenschaftliche Gesellschaft continued their established tradition of jointly organised conferences. As evidenced also by the 115 conference participants, this year's subject of "Contagion and Spillovers – New...

Persistent link: https://www.econbiz.de/10011689946

Ukraine after the crisis: Recovery and reform, not revolution or Russification

Erixon, Fredrik - 2010

This Policy Brief aims at examining Ukraine's economic woes and what it needs to do to improve economic performance. At … the centre of the Brief are the effects on Ukraine of the economic crisis and the policy programme devised to improve … economic performance. The crisis hit Ukraine hard and Gross Domestic Product fell by 15 percent in 2009. The economy is now …

Persistent link: https://www.econbiz.de/10011790248

Bad banking in Thailand? An empirical analysis of macro indicators

Menkhoff, Lukas - 1999

Persistent link: https://www.econbiz.de/10010323601

Trade finance in periods of crisis: What have we learned in recent years?

Auboin, Marc; Engemann, Martina - 2013

This paper reviews a number of initiatives taken by public and private institutions aimed at minimizing the impact of the on-going crisis of the financial sector on its ability to supply trade finance to support trade at affordable rates. In doing so, it draws a few policy lessons. One of them...

Persistent link: https://www.econbiz.de/10010326812

Detecting and interpreting financial stress in the euro area

Blix Grimaldi, Marianna - 2010

There is a need to find better models and indicators for large disruptive events, not least in order to be more prepared and mitigate their effects. In this paper we take a step in this direction and discuss the performance of a financial stress indicator with a specific focus on the euro area....

Persistent link: https://www.econbiz.de/10011605260

Managing financial crises in emerging market economies - experience with the involvement of private sector creditors

Thimann, Christian; Wölfinger, Regine; Bracke, Thierry; … - 2005

Ensuring the involvement of private sector creditors in the resolution of sovereign debt crises is crucial to ensure an effective management and orderly resolution of those crises. A review of experience gained in past financial crises suggests that crisis management practices have been largely...

Persistent link: https://www.econbiz.de/10011606184