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Economic crises and the eligiblity for the lender of last resort : evidence from 19th century France
Bignon, Vincent; Jobst, Clemens - 2017
This paper uses panel econometric techniques to estimate a macro-financial model for fee and commission income over total assets for a broad sample of euro area banks. Using the estimated parameters, it conducts a scenario analysis projecting the fee and commission income ratio over a three...
Persistent link: https://www.econbiz.de/10011637365
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Monetary policy after the crisis
Gnan, Ernest (ed.); Belka, Marek (contributor) - 2011
Persistent link: https://www.econbiz.de/10009422829
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The Neoliberal Legitimation Crisis of 2008
Habbu, Aditya (Adi) - 2011
This paper will discuss how the Financial Crisis of 2008 has thrown neoliberalism into a deep legitimation crisis. Over the past four decades the neoliberal ethic of Ronald Reagan and Margaret Thatcher has permeated American life both public and private. The principles of the laissez faire...
Persistent link: https://www.econbiz.de/10014179691
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Central Bank Liquidity During the Financial Market and Economic Crisis : Observations, Thoughts and Questions
Pikkarainen, Pentti - 2011
​The paper concentrates on illustrating and assessing central banks' liquidity operations during the crisis that started in August 2007. In addition to the ECB, the central banks of Sweden, Switzerland, the United Kingdom, Australia, Japan, Canada and the United States are analyzed. During the...
Persistent link: https://www.econbiz.de/10013130409
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The Puzzling Behavior of Spreads during Covid
Fourakis, Stelios S.; Karabarbounis, Loukas - National Bureau of Economic Research - 2024
Advanced economies borrowed substantially during the Covid recession to fund their fiscal policy. The Covid recession differed from the Great Recession in that sovereign debt markets remained calm and spreads barely responded. We study the experience of Greece, the most extreme manifestation of...
Persistent link: https://www.econbiz.de/10014468244
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The Great Silent Crash of the 21st Century
Taskinsoy, John - 2022
A mysterious creator under the alias Satoshi Nakamoto (a pseudonym) launched the world’s first successful cryptocurrency in early January 2009 which, not only was a historic moment, but was one that cultivated a technology revolution and money’s evolution into a digital form. However,...
Persistent link: https://www.econbiz.de/10014235478
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Central banking in the aftermath of the global economic crisis
Bezhoska, Anita Angelovska - Narodna Banka na Republika Makedonija - 2019
The worldwide financial crisis revealed that some of the basic consensuses concerning the macroeconomic policy framework and the roles of the central banks were no longer tenable. This prompted rethinking of central bank objectives, strategies and policy instruments, with particular focus on the...
Persistent link: https://www.econbiz.de/10012211862
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Reassessing the thesis of the monetary history
Laidler, David E. W. - 2013
The economic crisis that began in 2007 and still lingers has invited comparison with the Great Depression of the 1930s. It has also generated renewed interest in Milton Friedman and Anna Schwartz's explanation of the latter as mainly the consequence of the Fed's failure as a lender of last...
Persistent link: https://www.econbiz.de/10010191681
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Finance-dominated capitalism, re-distribution and the financial and economic crises : a European perspective
Hein, Eckhard - 2012
In this paper the euro crisis is viewed as the most recent episode of the crisis of financedominated capitalism. Therefore, two major features of finance-dominated capitalism, the increasing inequality of income distribution and the rising imbalances of current accounts, are analysed for a set...
Persistent link: https://www.econbiz.de/10009572209
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The Euro-Zone : Is It the Crisis Ahead!
Trabelsi, Mohamed Ali - 2011
of such turmoil, these last years the euro-zone capital markets and financial institutions seem to absorb a continued … credit cycle phenomenon and are seriously hit by aggravating tensions. It is the first financial crisis the Eurozone … recent developments in the Eurozone, mainly the Greek and Irish financial crises and the threats the Eurozone risks. Finally …
Persistent link: https://www.econbiz.de/10013121540