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Initial output losses from the Covid-19 pandemic : robust determinants
Furceri, Davide; Ganslmeier, Michael; Ostry, Jonathan David - 2021
fractionalization, and more democratic regimes. With respect to the first factor, lower resilience of poorer countries reflects the …
Persistent link: https://www.econbiz.de/10012511052
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Initial output losses from the Covid-19 pandemic : robust determinants
Furceri, Davide; Ganslmeier, Michael; Ostry, Jonathan David - 2021
fractionalization and more democratic regimes. With respect to the first factor, lower resilience of poorer countries reflects the …
Persistent link: https://www.econbiz.de/10012517923
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Initial output losses from the Covid-19 pandemic : robust determinants
Furceri, Davide; Ganslmeier, Michael; Ostry, Jonathan David - 2021
Persistent link: https://www.econbiz.de/10012490489
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A Government-Sponsored Crisis : How Fannie and Freddie Caused the Recession
Young, Andrew T. - 2014
Fannie Mae and Freddie Mac are government-sponsored entities (GSEs) designed to facilitate a secondary market for mortgages. A secondary market makes mortgages more liquid, increasing the available pool of funds for mortgages and the willingness of originators to initiate loans. Since the supply...
Persistent link: https://www.econbiz.de/10013069918
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The Starting Points of New Economic Policy in the Conditions of Recession
Sever, Ivo - 2017
of overcoming the recession and enabling the recovery of production in the Croatian economy. Furthermore, the goal is to … results of the research show that the causes of recession and economic crisis in Croatia only partly refer to the external …). Without such an action it is not possible to stop recession and direct production towards recovery …
Persistent link: https://www.econbiz.de/10012974392
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Bank Size, Leverage, and Financial Downturns
George, Chacko - 2015
if the banking sector in 2007 was only as concentrated as it was in 1992, GDP during the Great Recession would have …
Persistent link: https://www.econbiz.de/10013022442
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Strengthening economic resilience : insights from the post-1970 record of severe recessions and financial crises
Caldera Sánchez, Aida; De Serres, Alain; Gori, Filippo; … - 2016
Considering the deep and long-lasting impact of severe recessions, such as the 2008-09 financial crisis, it is important that measures be taken to minimise the risk of such event. But in doing so the benefits need to be balanced against the potential costs in terms of lower average growth that...
Persistent link: https://www.econbiz.de/10011695147
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Procyclical finance : the money view
Li, Ye - 2017
Financial intermediaries issue the majority of liquid securities, and nonfinancial firms have become net savers, holding intermediaries' debt as cash. This paper shows that intermediaries' liquidity creation stimulates growth -- firms hold their debt for unhedgeable investment needs -- but also...
Persistent link: https://www.econbiz.de/10011968932
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Uncertain booms and fragility
Lee, Michael Junho - 2018
I develop a framework of the buildup and outbreak of financial crises in an asymmetric information setting. In equilibrium, two distinct economic states arise endogenously: "normal times", periods of modest investment, and "booms", periods of expansionary investment. Normal times occur when the...
Persistent link: https://www.econbiz.de/10011880642
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Uncertain Booms and Fragility
Lee, Michael - 2018
I develop a framework of the buildup and outbreak of financial crises in an asymmetric information setting. In equilibrium, two distinct economic states arise endogenously: “normal times,” periods of modest investment, and “booms,” periods of expansionary investment. Normal times occur...
Persistent link: https://www.econbiz.de/10012914217