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With the aim to provide a detailed understanding of global financial cycles and their relevance over time, we analyse co-movement in credit, house prices, equity prices, and interest rates across 17 advanced economies over 130 years. Using a time-varying dynamic factor model, we observe global...
Persistent link: https://www.econbiz.de/10012832636
policies are created after the 1980 worldwide financial capital in the reorganization of the globalized world with the … natural. Because the world is now a different place. Historically, the analysis we do, we briefly as opposed to a dynamic … capital expansion, before the 1st and 2nd World War battle of inter-imperialist sharing came up. Chronologically, according to …
Persistent link: https://www.econbiz.de/10012985638
The current economic crisis is a complex social phenomenon, several aspects of which go beyond national borders and also cross traditional academic disciplinary boundaries. While initial academic commentary in media has typically been grounded within finance or economics disciplinary boundaries,...
Persistent link: https://www.econbiz.de/10014046074
the world is going from one crisis to another. Thus one must consider not only the economics of crisis but as well a kind …
Persistent link: https://www.econbiz.de/10012985518
During crises, the number of loans that cannot be paid back increases. What are the lessons from past crises for non-performing loan resolution after COVID-19? In this article we use a new database covering non-performing loans (NPLs) in 88 banking crises since 1990 to find out. The data show...
Persistent link: https://www.econbiz.de/10012830540
This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks’ balance sheets doubled in the course of the 20th century, driven by a sharp rise of...
Persistent link: https://www.econbiz.de/10010412763
Just as the 1929 Stock Market Crash discredited Classical economic theory and policy and opened the way for Keynesianism, a consequence of the collapse of confidence in financial markets and the banking system - and the effect that this has had on the global macro economy - is currently...
Persistent link: https://www.econbiz.de/10013120416
‘Global financial crisis' is an inaccurate description of the current upheaval in the world's financial markets. The …
Persistent link: https://www.econbiz.de/10013120418
This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...
Persistent link: https://www.econbiz.de/10013032225
This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...
Persistent link: https://www.econbiz.de/10013032381