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This chapter supplies, for the first time, a table that contains all 56 episodes of hyperinflation, including several … which had previously gone unreported. The Hyperinflation Table is compiled in a systematic and uniform way. Most importantly … each episode, identifies the month of peak hyperinflation, and signifies the currency that was in circulation, as well as …
Persistent link: https://www.econbiz.de/10013085888
This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage)before and in the … United States Federal Reserve System, theBank of Japan, the Swiss National Bank, the European Central Bank, and the … monetary policies are seeing their gradual“normalization.”Seigniorage exposes the connections between currency issuance and …
Persistent link: https://www.econbiz.de/10012910166
This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage) before and in the …, the United States Federal Reserve System, the Bank of Japan, the Swiss National Bank, the European Central Bank, and the … as monetary policies are seeing their gradual "normalization". Seigniorage exposes the connections between currency …
Persistent link: https://www.econbiz.de/10011910944
Following the recent terrorist attacks in Paris, the European media emphatically pronounced that billions of euros were wiped from tourism related stocks. This comes at a troublesome time for the tourism industry, in the midst of a global financial crisis, and the unpredictable rise of radical...
Persistent link: https://www.econbiz.de/10011566387
" and War conflicts in the 21st Century. Empirical findings underscore the effect of such incidents on hospitality …
Persistent link: https://www.econbiz.de/10011658758
risk affected the returns on stocks, oil, and gold during the GFC, COVID-19, and Russia-Ukraine war-three disruptive events …-Ukraine war period compared to COVID-19 period and is shown to have least variation during the GFC period. WTI crude oil and DJGI … indexes are observed to have high variations during GFC, and COVID-19 periods followed by Russia-Ukraine war. We further …
Persistent link: https://www.econbiz.de/10014500724
Financial market volatility is an important element when setting up port- folio management strategies, option pricing and market regulation. The Subprime crisis affected all markets around the world. Daily data of twelve stock indexes for the period of October 1999 to June 2011 are studied using...
Persistent link: https://www.econbiz.de/10011306093
This paper analyses the current financial crisis from a Neo-Schumpeterian perspective. We postulate four linkages that led to the crisis, and that will help us find our way out of the crisis. Therefore, we show that the current evolution is very similar to the Japanese crisis in the beginning of...
Persistent link: https://www.econbiz.de/10003826811
Among the policy responses to the global financial crisis, the international provision of US dollars via central bank swap lines stands out. This paper studies the build-up of stresses on banks' balance sheets that led to this coordinated policy response. We reconstruct the worldwide...
Persistent link: https://www.econbiz.de/10013081440
This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global financial crisis. Using a differences-in-differences design, we find that firms with less conservative financial reporting experienced a sharper decline in investment activity following...
Persistent link: https://www.econbiz.de/10012987650