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Persistent link: https://www.econbiz.de/10014306476
How do trade patterns change after an external shock such as an economic crisis, and is this shift structural? This paper uses a Difference-in-Difference (DID) approach to investigate whether services trade became more digital after the Global Financial Crisis (GFC) in 2008. It finds that the...
Persistent link: https://www.econbiz.de/10014327353
the financial crisis 2008-09 was significantly higher for firms with a weak bank than for comparable firms with a sound … bank. Second, non-defaulting firms with a weak bank did not have a lower return on assets during the financial crisis 2008 …-09 than comparable firms with a sound bank. Taken together, these results may indicate the presence of heterogeneous effects …
Persistent link: https://www.econbiz.de/10010321165
, economic policy to increase resilience against shocks should not contain any protectionist elements since these lead to losses …
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
examine potential resilience factors with special focus on country size, along with other pre-crisis determinants. The cross … grösseren Schockwirkung der Finanzkrise nahe. Länder mit einer Bevölkerung von unter 10 Millionen wiesen eine höhere Exposition …
Persistent link: https://www.econbiz.de/10013350025
In summer 2007, the US subprime crisis emerged and economic growth in industrialised countries started to slow down. The situation deteriorated after the default of Lehman Brothers in September 2008 and despite massive government interventions, the United States and most European countries slid...
Persistent link: https://www.econbiz.de/10010352583
During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among economic researchers and forecasters. Existing studies, however, do not tackle the immense heterogeneity that is present in cross-country samples in a formal and consistent way....
Persistent link: https://www.econbiz.de/10010265233
The internet has become an important data source for the Social Sciences because these data are available without lags, can be regarded as involuntary surveys and hence have no observer effect, can be geo-labeled, are available for countries across the globe and can be viewed in continuous time...
Persistent link: https://www.econbiz.de/10010278433