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Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many … cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a … sound financial position. A sound financial position of a country also increases the capacities to get out of a crisis. For …
Persistent link: https://www.econbiz.de/10011698419
We analyse the long-run imbalances of finance-dominated capitalism underlying the present crisis - which began in 2007 …, the severeness of the present crisis has been mainly caused by increasing inequalities of income distribution and rising … new world financial order. -- Finance-dominated capitalism ; financial crisis ; macroeconomic policies ; Global Keynesian …
Persistent link: https://www.econbiz.de/10009549800
financial and economic crisis, starting in 2007. Therefore, a more resilient financial and economic system requires the re …
Persistent link: https://www.econbiz.de/10011431645
The economic crisis was initially supposed to affect only developed countries, but the financial troubles spread over … the real economy and the crisis became a global phenomenon. After almost two years of difficulties, several lessons could … be drawn from this episode: why the crisis was underestimated when it started to affect the financial system? Why some …
Persistent link: https://www.econbiz.de/10013147341
Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many … cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a … sound financial position. A sound financial position of a country also increases the capacities to get out of a crisis. For …
Persistent link: https://www.econbiz.de/10011824986
This paper studies a newly compiled data set of annual balance sheets of more than 11,000 commercial banks across 17 advanced economies since 1870. The new data expose the central role of large banks for credit cycles and financial instability throughout modern financial history and the...
Persistent link: https://www.econbiz.de/10013492660
The paper investigates three major debates on contemporary economies: (i) if the major components of real economic activity (RECs) stimulate financial development (FND) but not vice versa, (ii) if RECs and FND jointly suppress labor, and (iii) if these two dynamics have incurred any substantial...
Persistent link: https://www.econbiz.de/10013311735
Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many … cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a … sound financial position. A sound financial position of a country also increases the capacities to get out of a crisis. For …
Persistent link: https://www.econbiz.de/10011148843
economy spiraling into an unprecedented crisis. The pandemic and its global economic impact are analyzed within the context of … the 2008-2009 global financial crisis. This is the foundation which we set for discussing Russia's economic agenda. …
Persistent link: https://www.econbiz.de/10012265600
In this paper the author attempts an analysis of the current financial/economic crisis that is wider ranging and more … crisis as an episode in the secular decline of the United States and more generally of the Western Democracies. The timidity … crisis could have been dealt with more efficiently and at little cost to taxpayers. Finally, he discusses fundamental reforms …
Persistent link: https://www.econbiz.de/10010299738