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banks earnings reports and of the Eurozone sovereign debt crisis on major newspapers from several European countries. We …. Regarding the Eurozone crisis we find that newspapers connected to banks more exposed to stressed sovereign bonds are more … likely to promote a narrative of the crisis favorable to banks and to oppose debt-restructuring measures detrimental to …
Persistent link: https://www.econbiz.de/10013173241
European debt crisis, we analyze the role of television news in the rise and re-convergence of GIIPS bond spreads vis …
Persistent link: https://www.econbiz.de/10014486807
Persistent link: https://www.econbiz.de/10010191921
banks prior to the crisis and to provide a descriptive analysis of how the structure and the functioning of the market … changed during the crisis. The main conclusions of the study are as follows. In addition to the wide ranging applicability of … items that also increased the balance sheet total. Following the outbreak of the global financial crisis in the autumn of …
Persistent link: https://www.econbiz.de/10010322414
Most stock exchange regulators around the world reacted to the 2007-2009 crisis byimposing bans or regulatory …
Persistent link: https://www.econbiz.de/10010325910
As the recent crisis has forcefully suggested, understanding financial-market interconnectedness is of a paramount …. We investigate whether the 2008 financial crisis has resulted in a significant change in the topological properties of … the IFN. Our findings suggest that the crisis caused not only a reduction in the amount of securities traded, but also …
Persistent link: https://www.econbiz.de/10010328371
and after the start of the current financial crisis. The study finds, first, that bond yield spreads before and during the … crisis can largely be explained on the basis of economic principles. Second, markets penalise fiscal imbalances much more … US which they did not have before the crisis. These findings underpin the need for achieving sound fiscal positions in …
Persistent link: https://www.econbiz.de/10011605198
From the onset of the 2007-2009 crisis, the Federal Reserve and the European Central Bank have aggressively lowered … interest rates. Both sets of changes are at odds with an anti-inflationary stance of monetary policy; indeed, as the crisis … Taylor rules for our economy that are consistent with a strong pro-inflationary reaction during financial crisis while …
Persistent link: https://www.econbiz.de/10011605268
The current economic crisis offers an historic opportunity for change. The depth of the crisis means there will likely … intellectual change is attitudes toward financial regulation. These obstacles will mute the policy response to the crisis, and if a … deep crisis is averted will tend to encourage a return of the existing policies that have failed so disastrously. …
Persistent link: https://www.econbiz.de/10010460471
This paper assesses the impact of the 2008-09 global financial and economic crisis on the medium-term growth prospects … two decades ago. We use cross-country growth regressions, putting special emphasis on a proper consideration of the crisis … and robustness. We find that the crisis has had a major impact on the within-sample fit of the models used and that the …
Persistent link: https://www.econbiz.de/10010494452