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Financialization is a process whereby financial markets, financial institutions, and financial elites gain greater influence over economic policy and economic outcomes. Financialization transforms the functioning of economic systems at both the macro and micro levels. Its principal impacts are...
Persistent link: https://www.econbiz.de/10003727251
The Global Financial Crisis has shown that the international financial system is vulnerable to breakdown. The financial trilemma demonstrates that financial stability, international banking and national financial supervision cannot be combined. National supervisors force international banks to...
Persistent link: https://www.econbiz.de/10013084044
This study analyses the impacts of the COVID-19 pandemic on the Indian Stock Exchange in the initial months. Inclusive investigation suggests that the fears of coronavirus effect on the global economy have rocked markets worldwide, with stock prices plunging. The Indian stocks were eventually...
Persistent link: https://www.econbiz.de/10013491791
This paper analyzes how bank loan commitments affect loan supply and macroeconomic volatility. Using testable implications derived from a model in which a bank faces stochastic loan commitment takedown, our bank-level empirical test provides evidence that when financial markets get tighter,...
Persistent link: https://www.econbiz.de/10013139450
Who was listening before the Financial Crisis of 2008 to Arrow's warnings and the teachings of Coase? Due to transaction costs, incomplete foresight and bounded rationality not all risks that would be desirable to shift can be shifted through the market. Financial firms and other institutions...
Persistent link: https://www.econbiz.de/10013126899
Before the global financial crisis, the assistance of a lender of last resort was traditionally thought to be limited to commercial banks. During the crisis, however, the Federal Reserve created a number of facilities to support brokers and dealers, money market mutual funds, the commercial...
Persistent link: https://www.econbiz.de/10013029747
Before the global financial crisis, the assistance of a lender of last resort was traditionally thought to be limited to commercial banks. During the crisis, however, the Federal Reserve created a number of facilities to support brokers and dealers, money market mutual funds, the commercial...
Persistent link: https://www.econbiz.de/10010467778
We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version of Acemoglu and Robinson's [American Economic Review 91, 2001] model of political transitions to show how the anticipation of new loans from international financial...
Persistent link: https://www.econbiz.de/10010319723
Ein harter Brexit ist für das Vereinigte Königreich sehr viel teurer als für die EU. Mit einer »Hard-but-Smart«-Strategie dagegen würde das UK unilateral auf alle neuen Barrieren, also völlig auf Importzölle, verzichten. Damit ist der prozentuelle Wohlfahrtsverlust des UK und jener auf...
Persistent link: https://www.econbiz.de/10012018056
Am 29. März 2017 notifizierte die britische Regierung ihren Austrittswillen nach Art. 50 des EU-Vertrages bei der EU. Der Brexit ist somit offiziell eingeleitet. Am 29. April haben die Staats- und Regierungschefs beim Europäischen Rat nach Art. 50 EUV die Leitlinien für die Verhandlungen...
Persistent link: https://www.econbiz.de/10011815684