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This paper analyses several severe financial crises observed in the history of capitalism which led to a longer period of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980s and the Japanese crisis of the 1990s and 2000s are...
Persistent link: https://www.econbiz.de/10010242870
This paper aims to show that the fiscal and monetary counter-cyclical actions implemented by Brazilian government after the financial crisis were frugal: the monetary policy was late and slowly slackened and the fiscal policy sustain a primary surplus budget, in the opposite direction of much...
Persistent link: https://www.econbiz.de/10010330546
This paper aims to show that the fiscal and monetary counter-cyclical actions implemented by Brazilian government after the financial crisis were frugal: the monetary policy was late and slowly slackened and the fiscal policy sustain a primary surplus budget, in the opposite direction of much...
Persistent link: https://www.econbiz.de/10009230816
The present paper attempts to study the economic and financial crises of 15th century Egypt, which was ruled by Mamluk dynasty. Two social thinkers of the time – al-Maqrizi at the beginning of the century and al-Asadi at the middle – addressed the situation. To the former, deterioration of...
Persistent link: https://www.econbiz.de/10012922263
How far do China’s property prices need to drop in order to send the country into a recession? What does this question tell us about the way Bubble Economies work? In this paper, we develop a theory of Bubble Economics - non-linear and often "systemic" (in the mathematical sense of the word)...
Persistent link: https://www.econbiz.de/10011489181
This paper explores episodes of financial crises and recessions experienced by the economies in Southeast Asia: the global debt crisis and the commodity price collapse in the 1980s, the Asian financial crisis in the 1990s, and the burst of the dot-com bubble and the global financial crisis in...
Persistent link: https://www.econbiz.de/10012893520
This paper introduces financial cycle indexes and uses them in an early warning exercise. The indexes are based on the traditional theory of business cycles. Juglar cycles are deduced from a number of financial indicators, categorized as leading and lagging indicators, and aggregated into...
Persistent link: https://www.econbiz.de/10013120870
This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage)before and in the … United States Federal Reserve System, theBank of Japan, the Swiss National Bank, the European Central Bank, and the … monetary policies are seeing their gradual“normalization.”Seigniorage exposes the connections between currency issuance and …
Persistent link: https://www.econbiz.de/10012910166
This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage) before and in the …, the United States Federal Reserve System, the Bank of Japan, the Swiss National Bank, the European Central Bank, and the … as monetary policies are seeing their gradual "normalization". Seigniorage exposes the connections between currency …
Persistent link: https://www.econbiz.de/10011910944