While most economists agree that the world is facing the worst economic crisis since the Great Depression, there is … financial sector to claim an ever-rising proportion of national income-what is sometimes called 'financialization'-as the …

Global liquidity refers to the volumes of financial flows-largely intermediated through global banks and non-bank … regulatory agendas related to non-bank financial institutions. …

. Macroeconomic factors also play a large role explaining the impact of securitization activity on bank lending standards: banks more …We investigate the effect of securitization activity on banks’ lending standards using evidence from pricing behavior … aggressive on their loan pricing practices. This suggests that securitization activity lead to laxer credit standards …

Der ökonomische Mainstream steht seit Ausbruch der Finanzkrise 2007/08 vermehrt unter Kritik, hatten doch nur wenige … getilgt hat. Hätte Karl Marx eine bessere Prognose zur Finanzkrise gestellt? Seine Geld- und Kredittheorie erschließt sich … zeigt sich, dass Marx insbesondere durch seine Analysen zum Kreditgeld die Finanzkrise besser erklären kann als der …

The post-crisis period has seen a considerable shift in the composition and drivers of international bank lending and … international bank lending to global risk conditions declined considerably after the crisis and became similar to that of … international debt securities. The increased sensitivity of international bank flows to U.S. monetary policy has been driven mainly …

We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial …% of the U.S. mortgage market. Exploiting within-servicer variation in these data, we find that bank-held loans are 26% to …, modifications of bank-held loans are more efficient: conditional on a modification, bank-held loans have lower post …