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 …

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 …

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 …

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 …

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 …