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A financial network model, where the coded identity of the counterparties of every trade is known, is applied to both stable and crisis periods in a large and liquid overnight repo market in an emerging market economy. We have analyzed the financial crisis by using various network investigation...
Persistent link: https://www.econbiz.de/10008694011
The potential accession of Turkey to the EU, and the related adoption of the CAP by Turkey, is expected to influence … agricultural markets in both the EU and Turkey. The extent of the accession impacts depends on the one hand on the way the CAP will … be implemented in Turkey, while on the other hand impacts are expected to be also shaped by macroeconomic conditions …
Persistent link: https://www.econbiz.de/10009326487
in Turkey. We describe the structure and development of this sector from the year 1990 onwards, covering farms in primal … the coasts of Turkey, while the interior provinces are rather separated. In some cases price transmission only occurs when …
Persistent link: https://www.econbiz.de/10008597168
Since the 2008 financial crisis, in which the Reserve Primary Fund "broke the buck," money market funds (MMFs) have been the subject of ongoing policy debate. Many commentators view MMFs as a key contributor to the crisis because widespread redemption demands during the days following the Lehman...
Persistent link: https://www.econbiz.de/10010986421
Consolidation has been a fact of life in the wholesale financial services sector, resulting in fundamental change in the financial architecture and public exposure to systemic risk. The underlying drivers include advances in transactions and information technologies, regulatory changes,...
Persistent link: https://www.econbiz.de/10010991076
Every financial crisis brings in its wake demands for more information; the latest one is no exception. Because, in deceptively tranquil times, it is well-nigh impossible to foster the consensus necessary to improve data availability, such a window of opportunity must not be missed. To be sure,...
Persistent link: https://www.econbiz.de/10010849784
Sparked by the recent great recession and the role of financial markets, considerable interest exists among researchers within both the academic and public community in measuring and modeling systemic risk. This article introduces a new framework for measuring systemic risk by using a...
Persistent link: https://www.econbiz.de/10010859872
The financial crisis occurs as a result of a disorder in the financial market. It implies serious problems of unfavorable selection and moral risk, making the financial markets unable to direct efficiently the funding from depositors toward individuals and businesses with potential of productive...
Persistent link: https://www.econbiz.de/10010884802
Has economic research been helpful in dealing with the financial crises of the early 2000s? On the whole, the answer is negative, although there are bright spots. Economists have largely failed to predict both crises, largely because most of them were not analytically equipped to understand...
Persistent link: https://www.econbiz.de/10010885020
The question of how to stabilize financial systems has attracted considerable attention since the global financial crisis of 2007-2009. Recently, Beal et al. (gIndividual versus systemic risk and the regulator's dilemmah, Proc Natl Acad Sci USA 108: 12647-12652, 2011) demonstrated that higher...
Persistent link: https://www.econbiz.de/10010903858