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banking crises of the 1930s and the 1933 holiday through the lens of bank supervision, the continuous oversight of commercial … banks by government officials. Through the 1930s banking crises, federal supervisors identified troubled banks but could not …
Persistent link: https://www.econbiz.de/10012841551
The Chinese economy upheld a frail recovery in 2022 under the triple superposition of contraction of demand, disruption in supply, and weakening expectations, aggravated by unanticipated adverse shocks in the midst of global turmoil. Over the year, rising income uncertainty set off by the...
Persistent link: https://www.econbiz.de/10014288667
We study the impact of economic policy uncertainty on the probability and duration of economic recessions in 10 major … probability of economic recessions but also longer recessions. Specifically, with a one-standard-deviation increase in the … important to alleviate the effects of policy uncertainty on the likelihood of economic recessions …
Persistent link: https://www.econbiz.de/10013220206
This paper analyzes the performance of the monthly economic policy uncertainty (EPU) index in predicting recessionary regimes of the (quarterly) U.S. GDP. In this regard, the authors apply a mixed-frequency Markov-switching vector autoregressive (MF-MSVAR) model, and compare its in-sample and...
Persistent link: https://www.econbiz.de/10011443536
This paper analyzes the performance of the monthly economic policy uncertainty (EPU) index in predicting recessionary regimes of the (quarterly) U.S. GDP. In this regard, the authors apply a mixed-frequency Markov-switching vector autoregressive (MF-MS-VAR) model, and compare its in-sample and...
Persistent link: https://www.econbiz.de/10011554324
We examine the influence of economic policy uncertainty on bank stability post-2007-2008 global financial crisis. We rely on the economic policy uncertainty (EPU) index introduced by Baker et al. (2016). We use 176,477 quarterly observations for US commercial banks over the period from 2011Q1 to...
Persistent link: https://www.econbiz.de/10013224541
are considered too big to fail. In this paper we address the problem of resolving banking crises from the government … perspective, taking into account the fact that preventing banking crises is crucial for the government. The main idea of this … that compares different policy plans to resolve banking crises in an environment where insufficiently capitalized banks …
Persistent link: https://www.econbiz.de/10012974864
After experiencing spectacular economic growth and industrial development for much of the postwar era, Japan plunged abruptly into recession in the early 1990s and since then has suffered a prolonged period of economic stagnation, from which it is only now emerging. Japan's malaise, marked by...
Persistent link: https://www.econbiz.de/10003189626
Experts on the Japanese economy examine Japan's prolonged period of economic underperformance, analyzing the ways in which the financial system, monetary policy, and international financial factors contributed to its onset and duration.
Persistent link: https://www.econbiz.de/10012673607