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This work comprises the comparative analysis of macro economic reasons and consequences of world economic crisis … happened in 2008 which affected the economy of the world and the 1929 crisis the biggest that ever happened in the world. It is …
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implications for the development of a theory of financial crises and government policies on crisis management …
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This paper compares four commonly used systemic risk metrics using data on U.S. financial institutions over the period 2005-2014. The four systemic risk measures examined are the (i) marginal expected shortfall, (ii) codependence risk, (iii) delta conditional value at risk, and (iv) lower tail...
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models suggest that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a …-level exposure to the 2008-9 financial crisis, I show that tight credit reduced investments in productivity-enhancement, and has … 12% higher today if productivity-enhancing investments had grown at pre-crisis rates. …
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