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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 …
Persistent link: https://www.econbiz.de/10009144450
The article is part of the special issue of the journal on Charles P. Kindleberger (CPK). It is here reported one of CPK's best known articles published in the old series of Moneta e Credito (vol. 38 n. 152, december 1985, pp. 355-69). The article reconstructs the recent history of the dollar...
Persistent link: https://www.econbiz.de/10008783777
This article undertakes a critical comparison of two books­-Private Banking in Europe: Rise, Retreat, and Resurgence by Youssef Cassis and Philip Cottrell, and Financial Elites and European Banking: Historical Perspectives, edited by Youssef Cassis and Giuseppe Telesca-to explore how different...
Persistent link: https://www.econbiz.de/10013267797
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 …
Persistent link: https://www.econbiz.de/10008629772
crises. They must occur from time to time, yet the magnitude of the recent crisis is a result of inappropriate institutions … and wrong macroeconomic policies based on neoliberalism. While the underlying causes of the crisis and the ways out of it … that the world is moving from one crisis to another. Thus, one must consider not only the economics of crisis, but also a …
Persistent link: https://www.econbiz.de/10010714175
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 …
Persistent link: https://www.econbiz.de/10010680374
Una lección de la crisis financiera fue la sobre reacción de las políticas cambiarias en países de Sudamérica. Después … del estallido de la crisis, gran parte de ellos tendieron a depreciar sus monedas, esperando enfrentar mejor los efectos … negativos, para posteriormente apreciarlas hasta niveles incluso superiores a los pre-crisis. Esta sobre reacción cambiaria fue …
Persistent link: https://www.econbiz.de/10009004180
Since the onset of the global financial crisis, there has been an upswing of interest among some prominent policy …
Persistent link: https://www.econbiz.de/10009023799
For now, effective capital controls allows the Chinese authorities to retain regulated deposit and lending rates, quantitative credit guidance and bond-market rationing. Relaxing capital controls would put these policies at risk. Reserve requirements can be extended to bank inflows from the...
Persistent link: https://www.econbiz.de/10009385724
US dollar credit is growing quickly outside the United States, especially in Asia, and in some economies it has outpaced overall credit growth. Cross-border sources of credit bear watching in view of their record of outgrowing overall credit in credit booms. Foreign currency and cross-border...
Persistent link: https://www.econbiz.de/10009320020