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The Political Economy of Financial Crisis
Patel, Dharmesh - 2013
The financial collapse of 2007 witnessed free fall of “debt-financed euphoria” caused by complex set of regulations and policies, enacted to direct modern capitalism. The action and policies of regulatory institutions facilitated financial institutions to indulge in risky lending and thus,...
Persistent link: https://www.econbiz.de/10013082190
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Uneven economic overheating in a transforming party-state during the global crisis : the case of China
Csanádi, Mária; Gyuris, Ferenc - 2020
We scrutinize the systemic consequences of state intervention triggered by external shocks in the transforming Chinese economy before and after the global crisis. We interpret investment dynamics using a comparative party-state model concept framework. We identify the overinvestment as an...
Persistent link: https://www.econbiz.de/10012294011
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Macroeconomic policy challenges in the Asian century
Henry, Ken R. - In: The economic and labour relations review : ELRR 24 (2013) 2, pp. 150-160
Persistent link: https://www.econbiz.de/10009757910
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Inflationary Implication of Gold Price in Vietnam
Siregar, Reza - 2013
peculiar nature of the gold market in Vietnam and the resiliently strong demand for gold in the local market. In particular … of the gold price movements in Vietnam. Past studies demonstrate that if gold could be viewed as a financial asset … assessed potential inflationary implication of gold in Vietnam, especially during the recent years of volatile and double …
Persistent link: https://www.econbiz.de/10013081971
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Leaning against the wind policies on Vietnam's economy with DSGE model
Huynh, Phuc; Nguyen, Trang; Duong, Thanh; Pham, Duc - In: Economies : open access journal 5 (2017) 1, pp. 1-18
The global financial crisis of 2007-2008 had a negative impact on many countries, including Vietnam. Many policies have … Gerali et al., we calibrate the hyper-parameter for Vietnam financial data and do the comparison between the standard Taylor … Vietnam’s economy in both types of shock. …
Persistent link: https://www.econbiz.de/10011610450
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The bank lending channel of monetary policy transmission in Vietnam : impacts of the COVID-19 pandemic and the financial crisis
Minh Thanh Loi; Van Dan Dang - In: Cogent business & management 10 (2023) 1, pp. 1-20
of the COVID-19 pandemic and the financial crisis. Using bank-level data of 31 commercial banks in Vietnam from 2007 to … through the bank lending channel is stronger under unfavorable macro contexts in Vietnam. Accordingly, it can be suggested … the implementation of unconventional monetary policy in Vietnam is not necessary yet. Regression results when using the …
Persistent link: https://www.econbiz.de/10014480274
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Macroeconomic policy in DSGE and agent-based models redux : new developments and challenges ahead
Fagiolo, Giorgio; Roventini, Andrea - 2016
The Great Recession seems to be a natural experiment for economic analysis, in that it has shown the inadequacy of the predominant theoretical framework - the New Neoclassical Synthesis (NNS) - grounded on the DSGE model. In this paper, we present a critical discussion of the theoretical,...
Persistent link: https://www.econbiz.de/10011457386
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International crises and policy responses in the Southern cone
Borensztein, Eduardo; Castilleja, Liliana; Hernaiz, Daniel - 2012
This document analyzes the patterns of fiscal and monetary policy in five economies of the Latin American Southern Cone (Argentina, Brazil, Chile, Paraguay and Uruguay) during four episodes of international crises: 1994, 1997-1999, 2001 and 2008. In contrast with earlier episodes when most...
Persistent link: https://www.econbiz.de/10011303276
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The financial crisis : what have macroeconomists learnt?
Chadha, Jagjit - 2010
I outline a simple roadmap for work in micro-founded models. Rather than abandoning the route to further micro-foundations and returning to ad hoc economics, the techniques we have used over the past two decades to develop micro-founded business cycle models will allow us to develop models with...
Persistent link: https://www.econbiz.de/10008771340
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The Role of Macroeconomic Policies in the Global Crisis
Catte, Pietro - 2010
This paper argues that the lack of timely and decisive policy action to correct domestic and external imbalances contributed crucially to the build-up of financial excesses that led to the financial crisis and the Great Recession. We focus on 2002-07 and perform a number of counterfactual...
Persistent link: https://www.econbiz.de/10013135338