periods of financial deregulation and/or innovation. Finding also some support for a link of countries' pre-crisis monetary … stance with the extent to which their financial sectors were hit during the recent crisis, the paper argues that …) unwinding of which helped trigger the recent financial market crisis. -- Interest rates ; monetary policy ; housing ; sub …

crisis, with a year-over-year contraction of 15 percent during the first quarter of 2009. At the same time, anticipating the … fallout from the crisis, the Central Bank of the Republic of Turkey (CBRT) decreased policy rates by an astounding 1025 basis … the recent recession have been? Taking the most intense year of the crisis as our baseline, namely 2009, counterfactual …

The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It … identification. The paper finds that euro area government bond markets were well integrated prior to the crisis, but saw a … substantialfragmentation from 2010 onward. Flight to quality was present at the height of the crisis, but has largely dissipated after the …