The global financial crisis, which had its origins in the bursting of the real estate bubble in the USA, has affected the confidence in the functionality of the modern banking and financial system. Such a situation poses the threat of a reduction of credit supply, which can lead to an outright...

The current financial crisis cannot be attributed to a single cause, but resulted from the interaction of several simultaneously active forces. The causes can be classified into three categories: macroeconomic causes, regulatory or supervisory shortcomings and causes related to incentives or...

Ten years after the start of EMU, the global financial market crisis is putting its viability to a test. In the absence of other mechanisms to smooth such a shock, a higher degree of economic policy co-ordination and closer co-operation between the euro area member countries and the ECB is...

Die weltweite Finanzmarktkrise beruht zu einem wesentlichen Teil auf dem Handel mit Verbriefungen, deren Risiken aufgrund manipulierter Ratings erheblich unterschätzt wurden. Die Ursachen der Krise sind demnach weitgehend unstrittig; das Ausmaß der Krise lässt sich aber gegenwärtig kaum...

The global economic crisis will slow down Austria's economic growth over the medium term. Over the period from 2009 to 2013, real GDP is expected to grow on average by 1.3 percent p.a. The cyclical downturn will have a negative impact on the labour market and public finances, while keeping...

Financial network analysis is used to provide firm level bottom-up holistic visualizations of interconnections of financial obligations in global OTC derivatives markets. This helps to identify Systemically Important Financial Intermediaries (SIFIs), analyse the nature of contagion propagation,...

After the financial markets slumped worldwide in 2008, securitizations were seen as a major cause of the conflagration. The securitization market dried up because this financial instrument was no longer trusted. At the time, no one thought securitizations had any future as a financial...

Der vorliegende Aufsatz untersucht die Ursachen von Finanzmarktkrisen anhand entsprechender Vorkommnisse in Thailand, Mexiko und Tschechien, um risikoreiche Konstellationen für Emerging Markets zu identifizieren. Als Modell wurde der Ansatz von Sachs/Tornell/Velasco (1996) gewählt, der durch...