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Insecurities of the old and marginalized: Inflation, oil shocks, financial crisis and social security
Goyal, Ashima - Indira Gandhi Institute of Development Research (IGIDR) - 2009
The paper examines the impact of recent inflation and financial shocks on the vulnerable, and explores policy design to … reduce both future shocks and vulnerability to shocks. Inflation affects the typical savings cum pension portfolio and the …, which tend to increase with age, aggravate the psychological trauma associated with inflation. The decline of traditional …
Persistent link: https://www.econbiz.de/10008590959
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The Financial Crisis and Varieties of Pension Privatization Reversals in Eastern Europe
Naczyk, Marek - 2015
Since the 2008 global financial crisis, those East European countries that had partly privatized their pension systems in the 1990s or early 2000s increasingly scaled back their mandatory private retirement accounts and restored the role of public provision. What explains this wave of reversals...
Persistent link: https://www.econbiz.de/10013030410
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Central banking and monetary policy : what will be the post-crisis new normal?
Capie, Forrest; Cukierman, Alex; Haan, Jakob de; … - SUERF/BAFFI CAREFIN Centre Conference Central Banking …; … - 2016
changed central banking in many ways: by shifting the focus of monetary policy from fighting too high inflation towards … fighting too low inflation; by prompting new ‘experimental’ non-conventional measures, which risk to cause large, long …
Persistent link: https://www.econbiz.de/10011554981
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Financial Turbulences in Vietnam’s Emerging Economy : Transformation over 1991-2008 Period
Vuong, Quan Hoang - 2009
This study focuses on substantial changes that characterize the shift of Vietnam's macroeconomic structures and evolution of micro-structural interaction over an important period of 1991-2008. The results show that these events are completely distinct in terms of (i) Economic nature; (ii) Scale...
Persistent link: https://www.econbiz.de/10013155747
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Verdict on the Crash : Causes and Policy Implications
Booth, Philip - 2009
This monograph challenges the myth that the recent banking crisis was caused by insufficient statutory regulation of financial markets. Though it finds that statutory regulation failed, and that market participants took more risks than they should have done, it appears that statutory regulation...
Persistent link: https://www.econbiz.de/10013156184
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Ages of Financial Instability
Tonveronachi, Mario - 2020
Starting from the mid-nineteenth century, this paper analyzes two periods of financial instability connected with financial globalization. The first culminates with the 1929 crisis, while the second characterizes the more recent experience starting from the 1970s. The period in between is...
Persistent link: https://www.econbiz.de/10012842099
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The natural rate of interest in emerging Asia : long-term trends and the impact of crises
Tanaka, Kensuke; Ibrahim, Prasiwi; Brekelmans, Sybrand - 2021
This paper studies the evolution of the natural interest rate in five Southeast Asian countries and considers the effect of economic shocks on the natural interest rate in these countries. The natural interest rate is the interest rate that would prevail in an economy in equilibrium and in the...
Persistent link: https://www.econbiz.de/10012545924
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Ages of financial instability
Tonveronachi, Mario - 2020
Starting from the mid-nineteenth century, this paper analyzes two periods of financial instability connected with financial globalization. The first culminates with the 1929 crisis, while the second characterizes the more recent experience starting from the 1970s. The period in between is...
Persistent link: https://www.econbiz.de/10012165419
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The Macroprudential Implications of the Qualified Mortgage Debate
McCoy, Patricia A. - 2020
In January 2021, the Consumer Financial Protection Bureau will face a decision: to renew its special definition for Qualified Mortgages (QMs) made by Fannie Mae and Freddie Mac, abolish that definition, or adopt some other approach to Qualified Mortgages. Concerns about access to credit have...
Persistent link: https://www.econbiz.de/10012847759
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Macro-Financial Stability in the COVID-19 Crisis : Some Reflections
Adrian, Tobias; Natalucci, Fabio; Qureshi, Mahvash Saeed - 2023
The global financial system has shown remarkable resilience during the COVID-19 pandemic, despite a sharp decline in economic activity and the initial financial market upheaval in March 2020. This paper takes stock of the factors that contributed to this resilience, focusing on the role of...
Persistent link: https://www.econbiz.de/10014258592