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El cuarto año de crisis financiera y económica: visión internacional y española
Torrero Mañas, Antonio - Instituto Universitario de Análisis Económico y … - 2011
del error inevitable que supuso nuestra entrada en el euro a la vista de nuestra delicada situación actual provocada …
Persistent link: https://www.econbiz.de/10010698415
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The short- and long-run employment impact of COVID-19 through the effects of real and financial shocks on new firms.
Albert, Christoph; Caggese, Andrea; González, Beatriz - 2020
En este artículo usamos la evidencia empírica más reciente disponible para predecir el impacto del shock del Covid-19 en la tasa de entrada de empresas, en especial en la entrada de empresas de alto crecimiento, y en sus implicaciones en la creación de empleo a corto y a largo plazo. El...
Persistent link: https://www.econbiz.de/10012525351
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What role, if any, can market discipline play in supporting macroprudential policy?
Nieto Carol, María Jesús - 2012
This paper focuses on market discipline as a necessary condition to preserve the signaling content of balance sheet indicators and market prices as macroprudential tools. It argues that market discipline enhances the information content of market prices by reflecting the expected private cost of...
Persistent link: https://www.econbiz.de/10012529572
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Boom-bust cycles, imbalances and discipline in Europe : dynamics during financial stress
Alberola Ila, Enrique; Molina Sánchez, Luis; Río … - 2012
The fallout from the 2008 financial crisis has been particularly acute in the euro area Member States of the south … perception that the euro environment provided a solid shield against economic instability shaped the incentives, expectations and … has shattered the perception of the euro as a safe haven for economic stability, where imbalances do not matter. Moreover …
Persistent link: https://www.econbiz.de/10012530382
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Heterogeneity and cross-country spillovers in macroeconomic-financial linkages
Ciccarelli, Matteo; Ortega Eslava, Eva; Valderrama, …
We investigate heterogeneity and spillovers in macro-financial linkages across developed economies, with a particular emphasis on the most recent recession. A panel Bayesian VAR model including real and financial variables identifies a statistically signifi cant common component, which proves to...
Persistent link: https://www.econbiz.de/10012530404
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The failure to predict the Great Recession : the failure of academic economics? : a view focusing on the role of credit
Gadea Rivas, María Dolores; Pérez Quirós, Gabriel - 2012
Much has been written about why economists failed to predict the latest fi nancial and real crisis. Reading the recent literature, it seems that the crisis was so obvious that economists must have been blind when looking at data not to see it coming. In this paper, we analyze whether such claims...
Persistent link: https://www.econbiz.de/10012530408
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The G-20 regulatory agenda and bank risk
Cabrera, Matías; Dwyer, Gerald P.; Nieto Carol, María … - 2018
Utilizando una muestra de bancos cotizados de Estados Unidos, Europa, Japón y China durante el período 2004-2014, los autores analizan el impacto que el nuevo marco de regulación prudencial aprobado en el G-20 tras la gran crisis financiera tiene sobre el riesgo bancario. El riesgo se mide en...
Persistent link: https://www.econbiz.de/10012532174
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The effects of the ECB’s unconventional monetary policies from 2011 to 2018 on banking assets
Dwyer, Gerald P.; Gilevska, Biljana; Nieto, María J.; …
Europeo (BCE) en los bancos de la zona del euro desde 2011. Más concretamente, nos centramos en el impacto sobre los préstamos … empresas en los países de la zona del euro. La segunda ronda de LTRO, también conocidas como LTRO dirigidas (TLTRO, por sus …) unconventional monetary policies since 2011 for euro area banks’ holdings of loans, government securities and cash deposited in …
Persistent link: https://www.econbiz.de/10014573601
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Historical financial analogies of the current crisis
Andrada-Félix, Julián; Fernández-Rodríguez, Fernando; … - Instituto Complutense de Estudios Internacionales … - 2011
Este trabajo intenta arrojar luz sobre las analogías históricas de la crisis actual. Para ello se compara la distribución de los rendimientos del Índice Dow Jones Industrial Average durante un período de 769 días (del 15 de septiembre de 2008, la quiebra de Lehman Brothers, hasta...
Persistent link: https://www.econbiz.de/10011272967