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The financial crisis has affected the real economy in stages yet nevertheless at an unexpected rate and with all regions being affected simultaneously. It advanced almost independently of the regions' exposure to the actual initial causes, among them the subprime crisis, innovative financial...
Persistent link: https://www.econbiz.de/10011435262
This paper compares the depth and length of the recent crisis with the Great Depression in the 1930s. It claims that economic policy played a crucial role in shortening and curtailing the recent crisis. We analyse which policies were applied during the recent crisis and which measures worked. We...
Persistent link: https://www.econbiz.de/10011435292
The downturn in the world economy following the global banking crisis has left the Chinese economy relatively unscathed …
Persistent link: https://www.econbiz.de/10010397727
unterschiedlich ist. Während die Konjunktur in den Vereinigten Staaten bis zuletzt kräftig war, befindet sich die Wirtschaft im … Impulse etwas an Fahrt verliert, belebt sich die Konjunktur in Europa und Japan mit Abklingen der bremsenden Wirkungen des …
Persistent link: https://www.econbiz.de/10014506984
Trotz Fusionen und Finanzkrise hat sich im Finanzsektor wenig geändert: Der Frauenanteil in den Spitzengremien der … Finanzsektor weit mehr als die Hälfte der Beschäftigten Frauen sind, stellen sie nur 2,9 Prozent der Vorstandsmitglieder in den … großen Banken und Sparkassen und nur 2,5 Prozent dieser Posten in den großen Versicherungen. Die Finanzkrise hat hier nicht …
Persistent link: https://www.econbiz.de/10011602291
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
This paper studies the effectiveness of Euro Area (EA) fiscal policy, during the recent financial crisis, using an estimated New Keynesian model with a bank. A key dimension of policy in the crisis was massive government support for banks—that dimension has so far received little attention in...
Persistent link: https://www.econbiz.de/10011506754
This paper decomposes the explained part of the CDS spread changes of 31 listed euro area banks according to various risk drivers. The choice of the credit risk drivers is inspired by the Merton (1974) model. Individual CDS liquidity and other market and business variables are identified to...
Persistent link: https://www.econbiz.de/10011506710
The recent decline in gross domestic product (GDP) growth in India raised a debate about whether it is a trend or a business cycle slowdown. We observe a cyclical downturn post-global financial crisis due to external and domestic conditions. With global recovery strengthening and appropriate...
Persistent link: https://www.econbiz.de/10011432712
After the recent banking crisis in 2008, financial market conditions have turned out to be a relevant factor for economic fluctuations. This paper provides a quantitative assessment of the impact of financial frictions on the U.S. business cycle. The analysis compares the original Smets and...
Persistent link: https://www.econbiz.de/10011506769