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One of the main economic villains before the crisis was the presence of large “global imbalances.” The concern was that the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep recession. However, when the crisis finally did come,...
Persistent link: https://www.econbiz.de/10013152926
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general globalisation variables are employed and the empirical evidence is based on Fixed Effects regressions and Generalised … established from GMM estimations. Political globalisation increases both domestic and transnational terrorism. Social … globalisation and general globalisation increase transnational terrorism. Economic globalisation reduces domestic terrorism …
Persistent link: https://www.econbiz.de/10011794973
The G-20 has been established more than 10 years ago as a reaction to the Asian financial crisis without - at first - gaining much weight on the international scene, however, the financial crisis of 2007/08 has caused a re-vitalization on a higher level, namely as body of the "G-20 Leaders". The...
Persistent link: https://www.econbiz.de/10014168554
In this paper we study systemic risk for North America and Europe. We show that banks' exposures to common risk factors are crucial for systemic risk. We come to this conclusion by first showing that relations between North American and European banks are smaller than within each region. We then...
Persistent link: https://www.econbiz.de/10009704666
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This study analyses two hypotheses that ascribe the 2008 US financial crisis to capital inflows. The Asian savings glut hypothesis posits that net inflows into high-grade US public bonds from countries running current account surpluses led to the housing boom and bust. An excess of savings over...
Persistent link: https://www.econbiz.de/10012894864
What is often abbreviated to GFC included three distinct crises: the 2007-8 North Atlantic financial crisis, a 2008-9 global economic crisis and public finance crises which became increasingly focused on the eurozone in 2010-12. The relative weight of emerging market economies in the global...
Persistent link: https://www.econbiz.de/10013106482
China has created an economic miracle since its economic reforms began in the late 1970s, becoming the fastest growing economy in the world. The tremendous success of China’s economy has attracted worldwide attention. But at the same time, it has raised concerns as the country’s enormous...
Persistent link: https://www.econbiz.de/10014103773
China introduced yuan-denominated trade settlement in July 2009 to help its exporters avoid exchange rate risk. The pilot regions eligible to use the new settlement scheme in their trade with Hong Kong and Macao are Guangdong province and the Yangtze Delta region (Shanghai city, Jiangsu...
Persistent link: https://www.econbiz.de/10013141610