Similar Search Results

Issing, Otmar - 2012

Persistent link: https://www.econbiz.de/10009554282

Financialisation in currency, energy and residential property markets

Evans, Trevor; Herr, Hansjörg - 2016

to far greater price volatility and the rise of unsustainable price and credit bubbles which, when they burst, can pose a …

Persistent link: https://www.econbiz.de/10011431671

Political booms, financial crises

Herrera, Helios; Ordoñez, Guillermo; Trebesch, Christoph - 2014

We show that political booms, measured by the rise in governments’ popularity, predict financial crises above and beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in emerging economies. We show that governments in emerging...

Persistent link: https://www.econbiz.de/10010398976

From boom to bust : how different has microfinance been from traditional banking?

Wagner, Charlotte - 2010

This paper presents an in-depth analysis of developments in the microfinance sector before and after the Lehman Brothers collapse in 2008 by comparing them with developments in traditional banking sectors of emerging market economies and developing countries. The findings indicate that...

Persistent link: https://www.econbiz.de/10008758753

Financial Institution, Asset Bubbles and Economic Performance

Hirano, Tomohiro - 2011

This paper explores the relation between the quality of financial institution and asset bubbles. In this paper, we will … show that bubbles can improve the macro performance even if the quality of financial institution is very poor and the … financial market does not work well. In this sense, the high quality of financial institution and bubbles are substitutes. We …

Persistent link: https://www.econbiz.de/10013129996

Tranching, CDS and Asset Prices : How Financial Innovation Can Cause Bubbles and Crashes

Fostel, Ana - 2011

We show how the timing of financial innovation might have contributed to the mortgage bubble and then to the crash of 2007-2009. We show why tranching and leverage first raised asset prices and why CDS lowered them afterwards. This may seem puzzling, since it implies that creating a derivative...

Persistent link: https://www.econbiz.de/10013121404

Theoretical Notes on Bubbles and the Current Crisis

Martin, Alberto - 2011

We explore a view of the crisis as a shock to investor sentiment that led to the collapse of a bubble or pyramid scheme in financial markets. We embed this view in a standard model of the financial accelerator and explore its empirical and policy implications. In particular, we show how the...

Persistent link: https://www.econbiz.de/10013124891

Land and Stock Bubbles, Crashes and Exit Strategies In Japan Circa 1990 and in 2013

Shiryaev, A.N. - 2013

We study the land and stock markets in Japan circa 1990. While the Nikkei stock average in the late 1980s and its -48% crash in 1990 is generally recognized as a financial market bubble, a bigger bubble and crash was in the golf course membership index market. The crash in the Nikkei which...

Persistent link: https://www.econbiz.de/10013073783

Analysis of Monetary Policy Responses after Financial Market Crises in a Continuous Time New Keynesian Model

Hayo, Bernd - 2016

two open economies. Our focus is on how stock and housing market bubbles are transmitted to and affect the domestic real …

Persistent link: https://www.econbiz.de/10013000540

Money Manager Capitalism and the Global Financial Crisis

Wray, L. Randall - 2009

This paper applies Hyman Minsky's approach to provide an analysis of the causes of the global financial crisis. Rather than finding the origins in recent developments, this paper links the crisis to the long-term transformation of the economy from a robust financial structure in the 1950s to the...

Persistent link: https://www.econbiz.de/10013156084