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, limited risk and exposure and little if any correlation with international markets have an anti-cyclical effect. In hard and …
Persistent link: https://www.econbiz.de/10013017012
Stability is destabilizing. These three words concisely capture the insight that underlies Hyman Minsky's analysis of the economy's transformation over the entire postwar period. The basic thesis is that the dynamic forces of a capitalist economy are explosive and must be contained by...
Persistent link: https://www.econbiz.de/10008906540
Based on a review of international and regional responses to the global financial and economic crisis and its implications for finance in Asia, Douglas Arner and Lotte Schou-Zibell draw lessons for Asian financial systems with regard to the scope of regulation; financial standards; supervision,...
Persistent link: https://www.econbiz.de/10011283429
Stability is destabilizing. These three words concisely capture the insight that underlies Hyman Minsky's analysis of the economy's transformation over the entire postwar period. The basic thesis is that the dynamic forces of a capitalist economy are explosive and must be contained by...
Persistent link: https://www.econbiz.de/10013128003
direct liquidity risks, risks of a reversal of volatile monetary flows, export slump risks, inadequate reserves risk, fiscal … to the global financial and economic crisis and estimates associated risks for each country. The six risk dimensions are … elevated risk of a domestic financial crisis following the global slow-down. Monetary flow reversal risks are found to be high …
Persistent link: https://www.econbiz.de/10013157487
Using the U.S. Current Population Survey data, this paper compares the distributional impacts of the Pandemic Crisis and those of the Global Financial Crisis in terms of (i) worker characteristics, (ii) job characteristics-'social' (where individuals interact to consume goods), 'teleworkable'...
Persistent link: https://www.econbiz.de/10012828220
-1998), Global Financial Crisis (2007-2009) and Global Pandemic Crisis (2020-2022). The nature, intensity and duration of these …
Persistent link: https://www.econbiz.de/10014284076
The Commission's annual Richard Snape Lecture was presented by Professor Yu Yongding from the Chinese Academy of Social Sciences (Beijing) on 25 November 2009 in Melbourne.In an address titled ‘China's Policy Responses to the Global Financial Crisis' Professor Yu described how the Chinese...
Persistent link: https://www.econbiz.de/10013143034
The theory of relationship lending is based on the idea that close ties between borrowers and banks may be economically beneficial. Information asymmetries on the part of the bank introduce adverse selection and moral hazard problems into the lending process and may lead to lengthy decision...
Persistent link: https://www.econbiz.de/10009672945
innovations in these markets, simultaneously providing cushions against risks while generating flows of liquidity that remain … back to John Maynard Keynes's General Theory (1936), where liquidity preference is linked to asset prices and new …
Persistent link: https://www.econbiz.de/10013137419