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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
worldwide financial crisis of 2007-2008 is unprecedented since the Great Depression. Whether a given firm is ex-ante ‘Too Big To ….S. government's crisis actions as well as two international bank bailouts in a series of event studies employing both debt and … derivative exposures and their associated losses prior to and during the crisis led investors to infer it would be rescued …
Persistent link: https://www.econbiz.de/10013139452
This paper provides some general lessons for the design of counter-cyclical capital buffers. Its main empirical contribution is to analyze conditioning variables which could guide the build-up and release of capital. A major distinction for counter-cyclical capital schemes is whether...
Persistent link: https://www.econbiz.de/10013139916
In this article we summarize the main problems with the current LIBOR setting, describe our proposal on how to reform LIBOR through a committed quote system (“CLIBOR”), and explain why the final Wheatley Review proposal on how to reform LIBOR, and its reasons for stopping short of our...
Persistent link: https://www.econbiz.de/10013097291
standards, the housing boom and bust - and the subsequent financial crisis and recession - would have been averted. In this … bust, and that the many reform ideas currently proposed would have done little or nothing to avert the crisis … credit default swaps for investors is to blame for the financial crisis. We find little evidence for this. Housing data …
Persistent link: https://www.econbiz.de/10013155688
This paper empirically investigates how the stringency of macroeconomic policy frameworks impacts the unconditional cost of banking crises. We consider monetary, fiscal and exchange rate policies. A restrictive policy framework may promote stronger banking stability, by enhancing discipline and...
Persistent link: https://www.econbiz.de/10012890687
Asian crisis in the late 1990s exposed the inherent deficiencies of Basel I, and exactly a decade later the 2008 global …
Persistent link: https://www.econbiz.de/10012893561
This paper empirically investigates how the stringency of macroeconomic policy frameworks impacts the unconditional cost of banking crises. We consider monetary, fiscal and exchange rate policies. A restrictive policy framework may promote stronger banking stability, by enhancing discipline and...
Persistent link: https://www.econbiz.de/10012898381
Six countries; Qatar, Indonesia, Saudi Arabia, Malaysia, the United Arab Emirates and Turkey (denoted by the acronym QISMUT) are considered the potential primary force of the future international development of Islamic finance. These countries, with both expertise and potential for growth in...
Persistent link: https://www.econbiz.de/10012937541