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Dynamics of Balance of Payment developments are still barely researched. Chapter 1 tries to summarize empirical evidence between institutional determinants and BoP movements and proposes a framework for the role of institutions in a debt cycle. It is found that “good” institutions do help a...
Persistent link: https://www.econbiz.de/10010495614
Ever more extensive global financial linkages are changing in ways that have significant implications for policy. Asia-Pacific countries have experienced a particularly rapid growth in financial flows since the crisis. Against this background, the BIS's Representative Office for Asia and the...
Persistent link: https://www.econbiz.de/10013437449
In this paper the euro crisis is interpreted as the latest episode in the crisis of finance-dominated capitalism. For … 11 initial Euro area countries, the major features of finance-dominated capitalism are analyzed; specifically, the … approach tackling the basic contradictions of finance-dominated capitalism and the deficiencies of European economic policy …
Persistent link: https://www.econbiz.de/10009631541
In a panel of OECD and emerging economies, I find that recessions are associated with larger initial drops in investment and more persistent drops in output if they occur simultaneously with banking crises. Furthermore, the banking crises that are followed by more persistent output slumps are...
Persistent link: https://www.econbiz.de/10014233623
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der Regulierung des Finanzsektors und von da auf die internationale Geldpolitik verlagerte, wurde der demokratisch … old conflict between capitalism and democracy that forcefully reasserted itself after the end of the postwar growth period … and security that were incompatible with market allocation. Inflation, deficits and financial under-regulation should not …
Persistent link: https://www.econbiz.de/10009314922
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Spätestens seit der Finanzkrise im Jahr 2008 ist es ins Bewusstsein der Menschen in den Industrieländern gedrungen: Der … Kapitalismus ist gescheitert. Allerdings: Krisen haben den Kapitalismus stets begleitet: Große Börsencrashs, Verelendung von großen … Bevölkerungsteilen in der Dritten Welt, ökologische Zerstörung, Massenarbeitslosigkeit, verheerende Kriege usw. Dies alles gehört zu …
Persistent link: https://www.econbiz.de/10003863730
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