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We analyze the trading of corporate insiders at leading financial institutions during the 2007 to 2009 financial crisis. We find strong evidence of a relation between political connections and informed trading during the period in which TARP funds were disbursed, and that the relation is most...
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Using detailed data on firm operations along with a novel method of measuring political connections, we study whether and how political connections matter for firms during an economic downturn. In the context of India’s Demonetization episode of 2016, we use a synthetic...
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It is well known fact that all good things, as also bad things, come to an end and business cycles pass through good and bad economic times. Economically 2010 was a year of transition from economic recession to recovery. Economies were improving in some countries and industries were showing...
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This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...
Persistent link: https://www.econbiz.de/10010228185
American International Group, Inc. (AIG), a large insurance company, received a massive bailout during the financial crisis in response to difficulties centered on the company's multifaceted exposure to residential mortgage-backed securities. The company is back on its feet, albeit in more...
Persistent link: https://www.econbiz.de/10012937978
The paper explains why microfinance institutions require more rather than less funding during periods of financial crisis. After briefly describing the rapid expansion of microfinance as a distinct market segment, the paper explains the impact of a financial crisis in the economy on microfinance...
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