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The resilience of private authority in times of crisis

Delimatsis, Panagiotis - 2021

From European integration to domestic politics to the development of the global economy, technocracy and private ordering have shaped economic behaviour. Such transformative private-driven forces of economic activity flourished through the promulgation of voluntary standards. In view of the...

Persistent link: https://www.econbiz.de/10012794045

A Tale of Two Crises

Black, William K. - 2010

largest in the world, also experienced a crisis in the 1980s. Twin “bubbles” in its stock and real estate markets hyper … economy. When the bubbles burst in 1990 Japan was thrust into recession. Real estate values have continued to fall – for …

Persistent link: https://www.econbiz.de/10013148983

Overdependence on Credit Ratings was a Primary Cause of the Crisis

Partnoy, Frank - 2010

A primary cause of the recent credit market turmoil was overdependence on credit ratings and credit rating agencies. Without such overdependence, the complex financial instruments, particularly Collateralized Debt Obligations (CDOs) and Structured Investment Vehicles (SIVs), which were at the...

Persistent link: https://www.econbiz.de/10013152324

Bankruptcy and the Macroeconomy : A New Paradigm for Governmental Response to Economic Crisis

Conti-Brown, Peter; Skeel, David A. - 2023

During times of crisis, governmental interventions leave lasting impacts on the structure of financial markets. The twin economic crises of the 21st century – the 2008 financial crisis and the 2020 Covid-19 pandemic – illustrate both the depth of the policy response and the instability that...

Persistent link: https://www.econbiz.de/10014355436

FHA, Fannie Mae, Freddie Mac, and the Great Recession

Passmore, S. Wayne - 2017

Did government mortgage programs mitigate the adverse economic effects of the financial crisis? We find that counties with greater participation in traditional government mortgage programs experienced less severe economic downturns during the Great Recession. In particular, counties with higher...

Persistent link: https://www.econbiz.de/10012969438

Determinants of External-Debt Crises. A Probit Model

Magomedova, Medeya - 2017

The issue of EDC became increasingly important in the field of development economics primarily because EDC has been occurring more frequent after the deregulation of global financial flows in the 1970s (Tiruneh 2004, Jones 2015) hitting mostly MICs and LICs. Assessing the probability of an EDC...

Persistent link: https://www.econbiz.de/10012946953

Decision-Making During the Crisis : Why Did the Treasury Let Commercial Banks Fail?

Croci, Ettore - 2015

Limited attention has been paid to the comparative fate of banks benefiting from TARP Capital Purchase Program (CPP …) funding and less fortunate banks subject to FDIC resolution. We address this omission by investigating two core issues. One is … whether commercial banks that ended up being subject to FDIC resolution received CPP funds. The other is whether the non …

Persistent link: https://www.econbiz.de/10013029215

Analysis of Main Instruments of Crisis Regulation of Banking Activity During the Global Financial Crisis of 2008-2009

Afanasyeva, Olga - 2014

This paper investigates the role and necessity of system of crisis management of banking activity in present-day conditions. Particular attention is paid to the crisis management that is realised on the level of government and central bank. An overview and comparison of major anti-crisis...

Persistent link: https://www.econbiz.de/10013040469

Mortgage Insurance in the Great Recession

Park, Kevin A. - 2016

Mortgage insurance compensates lenders for losses in the event of default by borrowers. Whether offered by private mortgage insurance companies or the Federal Housing Administration (FHA), mortgage insurance is often required for borrowers with insufficient wealth for a large downpayment in...

Persistent link: https://www.econbiz.de/10012985152

From the Great Depression to the Great Recession : On the Failure of Regulation in the Mortgage Market

Solomon, Dov - 2016

People tend to attribute the outbreak of the 2008 financial crisis to deregulation. This article challenges this view and presents a unique perspective of the crisis as in fact rooted in the way the residential mortgage market is regulated. Focusing on non-recourse mortgage legislation, which is...

Persistent link: https://www.econbiz.de/10012989973