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Jarrow, Robert A. - In: The Quarterly Review of Economics and Finance 54 (2014) 2, pp. 194-207

financial crisis caused by systemic defaults can shift the economy from an equilibrium with positive borrowing/lending to an … equilibrium with no borrowing/lending. In this no-lending equilibrium, neither traditional fiscal or monetary policy tools are … effective in increasing output. Fiscal and monetary policy can only increase the likelihood of the equilibrium evolving to a …

Persistent link: https://www.econbiz.de/10010776543

Institutions and Economic Performance - To Grow or Not to Grow: Why Institutions Must Make a Difference

Gylfason, Thorvaldur - In: CESifo DICE Report 2 (2004) 2, pp. 3-9

Persistent link: https://www.econbiz.de/10005056457

A Chinese renaissance in an unremittingly integrating global economy

Das, Dilip K. - In: CESifo Forum 9 (2008) 1, pp. 39-46

Persistent link: https://www.econbiz.de/10005013195

Greece; Selected Issues

International Monetary Fund (IMF); International … - 2009

This Selected Issues paper provides updates on Greeceâ€™s financial stability framework. The paper highlights that the Bank of Greece (BoG) has strengthened the financial stability framework over recent years. In addition to the liquidity provided by the euro system through its regular...

Persistent link: https://www.econbiz.de/10011243404

Uruguay; Selected Issues

International Monetary Fund (IMF); International … - 2006

This report includes five background studies with emphasis on vulnerabilities and growth, the focus of the 2006 Article IV Consultation with Uruguay. Stocks of key financial balance sheet vulnerabilities are also discussed. With the appreciation of the peso since early 2004, the discussion on...

Persistent link: https://www.econbiz.de/10011243482