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remedies are proposed for such a problem, in the actual situation of economic crisis, depending on such unbalance. Among them …
Persistent link: https://www.econbiz.de/10011114853
apparition of disruptive economic phenomena such as an economic or financial crisis, these notions have to be approached in a … the context of the financial crisis: layoffs and the decrease of the wage level. The analysis is effectuated on 2007 … an improperly management of the financial crisis draws an economic crisis, and the phenomenon is done in a closed circle …
Persistent link: https://www.econbiz.de/10010632147
הקפיטליזם שולט בעולם. דיונים סוערים מתנהלים בין המלומדים הממסדיים לבין "הביקורתיים" על טיבו של הקפיטליזם הגלובלי. הבעיה היא שטיבו של המוסד המרכזי בקפיטליזם -- ההון...
Persistent link: https://www.econbiz.de/10014528620
Following theory, we check that funding risk connects illiquidity, volatility and returns in the cross-section of stocks. We show that the illiquidity and volatility of stocks increase with funding shocks, while contemporaneous returns decrease with funding shocks. The dispersions of...
Persistent link: https://www.econbiz.de/10011206206
This paper studies the efficiency of financial intermediation through securitization in a model with heterogeneous investment projects and asymmetric information about the quality of securitized assets. I show that when retaining part of the risk, the issuer of securitized assets may credibly...
Persistent link: https://www.econbiz.de/10011170163
financial crisis, the effective lower bound (ELB) is more likely to be binding in the future if inflation targets remain at 2 …
Persistent link: https://www.econbiz.de/10011442772
During and after the Great Recession of 2008-09, conventional monetary policy in the United States and many other advanced economies was constrained by the effective lower bound (ELB) on nominal interest rates. Several central banks implemented large-scale asset purchase (LSAP) programs, more...
Persistent link: https://www.econbiz.de/10012029820
The concept of settlement balances is simple in its definition but complex when attempting to understand how they interplay between a central bank and the financial system. Settlement balances can be defined as interest-bearing deposits that belong to participants of Canada's payment system and...
Persistent link: https://www.econbiz.de/10013430331
Persistent link: https://www.econbiz.de/10005076769
During and after the Great Recession of 2008-09, conventional monetary policy in the United States and many other advanced economies was constrained by the effective lower bound (ELB) on nominal interest rates. Several central banks implemented large-scale asset purchase (LSAP) programs, more...
Persistent link: https://www.econbiz.de/10011873794