’ volatility, through spillover effects, into economic and financial crisis and social anomy. What fuels the wildfire does not … policy makers. The current financial system is discredited. It is necessary to reform the financial institutions and …

The crisis itself was caused by several factors whose relative importance will be debated for years. But whatever the … human costs of the crisis. Policymakers should focus on how to correct deficiencies in the financial architecture that have … contributed to the outbreak of the crisis. When reforms are implemented, it is important not only aim to create a stable financial …

development of many crises, including the current subprime crisis. Governments have reacted to crises by erecting a vast and … supervision. The unwinding of the current crisis will mark a big enlargement of the safety net and moral hazard, as well as a …

The ultimate point of origin of the great financial crisis of 2007-2009 can be traced back to an extremely indebted US … economy. The collapse of the real estate market in 2006 was the close point of origin of the crisis. The failure rates of … subprime mortgages cannot account for the severity of the crisis. Rather, low-quality mortgages acted as an accelerant to the …

development of many crises, including the current subprime crisis. Governments have reacted to crises by erecting a vast and … supervision. The unwinding of the current crisis will mark a big enlargement of the safety net and moral hazard, as well as a …

We show that exposure to foreign currency debt does not necessarily increase the risk of having a financial crisis … periods, aggregate balance sheet mismatches are associated with a greater likelihood of a crisis. The evidence suggests that …

La crisis llevó a la aparición de nuevos hechos estilizados, y al uso de técnicas y herramientas provenientes de otras … disciplinas, pero no provocó una crisis del programa dominante en macroeconomía financiera. Este artículo intenta explicar por qué …

The ultimate point of origin of the great financial crisis of 2007-2009 can be traced back to an extremely indebted US … economy. The collapse of the real estate market in 2006 was the close point of origin of the crisis. The failure rates of … subprime mortgages cannot account for the severity of the crisis. Rather, low-quality mortgages acted as an accelerant to the …

' sovereign exposures and their effects during and after the crisis. First, public, bailed out and poorly capitalized banks …