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The Consequences of Banking Crises on Public Debt

Furceri, Davide - 2010

The aim of this paper is to assess the consequences of banking crises for public debt. Using an unbalanced panel of 154 countries from 1980 to 2006, the paper shows that banking crises are associated with a significant and long-lasting increase in government debt. The effect is a function of the...

Persistent link: https://www.econbiz.de/10013141394

The Consequences of Banking Crises for Public Debt

Furceri, Davide - 2012

Persistent link: https://www.econbiz.de/10013112381

The Consequences of Banking Crises for Public Debt

Furceri, Davide - 2010

Persistent link: https://www.econbiz.de/10012446983

The bright side of the doom loop : banks' sovereign exposure and default incentives

Rojas, Luis E.; Thaler, Dominik - 2023

The feedback loop between sovereign and financial sector insolvency has been identified as a key driver of the European debt crisis and has motivated an array of policy proposals. We revisit this "doom loop" focusing on governments' incentives to default. To this end, we present a simple...

Persistent link: https://www.econbiz.de/10014482907

Bailouts and Deficits or Haircuts : How to Restore U.S. Financial Market Stability

Tarr, David G. - 2009

There is a growing consensus that the U.S. government programs of bailing out the large financial institutions is deeply flawed, and that there are much better ones available. The programs of the U.S. for the purchase of toxic assets potentially transfer trillions of dollars from the US taxpayer...

Persistent link: https://www.econbiz.de/10013159990

Public debt tipping point studies ingnore how exchange rate changes may create a financial meltdown

Pope, Robin; Selten, Reinhard - 2011

world currency. This means that such studies ignore the likely biggest cause of changes in growth rates, namely damage from … exchange rate liquidity shocks because we do not live in the fairyland of a single world currency. The conclusions of these … world money, and to ensuring that for profit activities in the pharmaceutical and financial industries are adequately …

Persistent link: https://www.econbiz.de/10009748247

Currency wars, not public debt, may create a financial meltdown : conference paper

Pope, Robin; Selten, Reinhard - 2013

, Hitler, a world war, then a Korean war were all needed to make the fiscal stimulus mighty enough to restore US employment …

Persistent link: https://www.econbiz.de/10010340537

Macroprudential policy : a blessing or a curse?

Popoyan, Lilit - 2016

After the destructive impact of the global financial crisis of 2008, many believe that pre-crisis financial market regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly "missed the forest for the trees". As a result, the...

Persistent link: https://www.econbiz.de/10011477338

Fiscal multipliers and financial crises

Faria-e-Castro, Miguel - 2018

What type of fiscal policy is most effective during a financial crisis? I study the macroeconomic effects of the US fiscal policy response to the Great Recession, accounting not only for standard tools such as government purchases and transfers but also for financial sector interventions such as...

Persistent link: https://www.econbiz.de/10011914285

A quantitative analysis of countercyclical capital buffers

Faria-e-Castro, Miguel - 2019

What are the quantitative effects of countercyclical capital buffers (CCyB)? I study this question in the context of a nonlinear DSGE model with a financial sector that is subject to occasional panics. A calibrated version of the model is combined with US data to estimate sequences of structural...

Persistent link: https://www.econbiz.de/10011998026