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Die Volatilität, die in Ländern mittleren Einkommens (LMEs) mit einer Öffnung der Kapitalmärkte in den vergangen Jahren einher ging, führte bei vielen Kritikern dieser Politik zu der Forderung, die stark ausgeprägten Konjunkturzyklen und Krisen (Boom-Bust Zyklen) durch eine...
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1930s and the 1870s. As back then, the crisis has exposed the major structural imbalances in financial and credit markets …The world economy is currently in the throes of a global economic crisis reminiscent of the great depressions of the … that are exacerbating the structural weaknesses that caused the crisis in the first place.This volume offers historical …
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the European Union member states that have large penetration of bank credit. Building on the model of financially open … increase in private bank credit relative to the gross domestic product (GDP) and the gap between real interest rate and GDP … growth rate increases inequality, as measured by both the Gini index and the top-income shares. To establish the effect on …
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