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The Great Recession versus the Great Depression : stylized facts on siblings that were given different foster parents

Aiginger, Karl - 2010

This paper compares the depth of the Recent Crisis and the Great Depression. We use a new data set to compare the drop in activity in the industrialized countries for seven activity indicators. This is done under the assumption that the Recent Crisis leveled off in mid-2009 for production and...

Persistent link: https://www.econbiz.de/10003933133

How did markets react to stress tests?

Candelon, Bertrand; Sy, Amadou N. R. - 2015

Persistent link: https://www.econbiz.de/10011281613

How Did Markets React to Stress Tests?

Candelon, Bertrand - 2015

We use event study methods to compare the market reaction to U.S. and EU-wide stress tests performed from 2009 to 2013. Typically, stress tests have a positive impact on stressed banks’ returns. While the 2009 U.S. stress test had a large positive outcome, the impact of subsequent U.S....

Persistent link: https://www.econbiz.de/10014412023

Twenty years of the German euro are more than enough

Bibow, Jörg - 2018

This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...

Persistent link: https://www.econbiz.de/10011894027

Auf der Suche nach der "optimalen" Finanzmarktaufsicht

Hartung, Thomas (contributor); … - 2008

Quo der Finanzmarktaufsicht in Deutschland/Europa wird in seiner Funktionsweise geschildert, Schwächen und Stärken werden … Finanzmarktaufsicht. Diese werden herangezogen, um drei unterschiedliche Szenarien zu bewerten und zu vergleichen: Den Status Quo, eine … von den nationalen Notenbanken und der EZB dominierte Finanzmarktaufsicht sowie ein drittes, synthetisches Szenario für …

Persistent link: https://www.econbiz.de/10003635538

How to measure financial (in)stability in emerging Europe?

Jakubík, Petr; Slačík, Tomáš - 2013

The importance of assessing financial stability in emerging Europe has increased rapidly since the recent financial crisis. Against this background, in the present paper we contribute to the existing literature in a twofold way: First, by using a broad range of indicators from money, bond,...

Persistent link: https://www.econbiz.de/10009792244

Do central banks have precautionary demands for expansions and for price stability? : theory and evidence

Cukierman, Alex; Muscatelli, V. Anton - 2002

This paper analyses the impact of asymmetric preferences with respect to inflation and output by policymakers on interest-rate reaction functions and test for their existence. A modified New Keynesian framework which makes it possible to identify the dominant type of asymmetry is developed and...

Persistent link: https://www.econbiz.de/10011410664

Securitization and aggregate investment efficiency

Mirza, Afrasiab; Stephens, Eric - 2016

This paper studies the welfare properties of competitive equilibria in an economy with incomplete markets subject to idiosyncratic and aggregate shocks. We focus on the role of securitization, whereby borrowers can reduce idiosyncratic asset risk, which enables increased leverage and investment....

Persistent link: https://www.econbiz.de/10012010374

Measures to tame credit growth : are they effective?

Geršl, Adam; Jašová, Martina - 2012

This paper focuses on policy measures taken to curb the private sector credit growth in the period 2003-2008. Our analysis is based on an original survey performed on eleven central banks in Central and Eastern Europe (CEE). The findings reveal high intensity of policy intervention: altogether...

Persistent link: https://www.econbiz.de/10009655167

Answering the Queen : machine learning and financial crises

Fouliard, Jérémy; Howell, Michael J.; Rey, Hélène - 2021

Persistent link: https://www.econbiz.de/10012483854

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