Showing 1 - 10 of 8,275
any, causal connection existed between the failure and the subsequent panic. Using new information sources, we make three … panic ensued with bank assets transitioning into an information sensitive state. Third, we show that Ohio Life's failure and … panic of 1857 …
Persistent link: https://www.econbiz.de/10012977135
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
We use the unique circumstances that led to the Panic of 1907 to analyze its consequences for non …-financial corporations. The onset of the panic occurred following a series of scandalous revelations about the investments of prominent … stock price, and performed worse in the years following the panic: they earned fewer profits and paid fewer dividends, and …
Persistent link: https://www.econbiz.de/10013103266
This paper constructs the first repeat sales house price index in United States history before 1950, using data from Baltimore. It shows that house prices fell more during the 1890s and 1930s than existing data indicate. As a result, while previous data suggest most borrowers should have been...
Persistent link: https://www.econbiz.de/10012851697
There is an increasing need for a system of international lending of last resort (ILLR) to provide a safety net in the event of financial crises in vulnerable countries as financial globalization deepens and spreads. Multilateral progress to address liquidity and solvency crises has been patchy...
Persistent link: https://www.econbiz.de/10010246568
In the summer of 1931, the Austro-German banking crisis spread to Romania and Bulgaria. In the Romanian case, the management of the crisis confronted three types of protagonists - politicians, bankers and central bankers - and positions about the relevant attitude to adopt, in particular to...
Persistent link: https://www.econbiz.de/10013447673
This paper contributes to the literature on moral hazard, lending of last resort and the political origins of banking crises. Drawing on newly accessed quantitative and qualitative archival sources the paper documents how a bank-Banco de Cataluña-formed a coalition with the Dictatorship of...
Persistent link: https://www.econbiz.de/10013382074
Persistent link: https://www.econbiz.de/10000120837
Persistent link: https://www.econbiz.de/10008841943
nineteenth century through the panic of 2008. We find that typically the most influential economists "fight the last war … with the financial crises that hit Britain between the end of the Napoleonic Wars and the panic of 1866. Fighting the last …
Persistent link: https://www.econbiz.de/10011398346