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A Systemic Approach to Financial Regulation: a European Perspective

Aglietta, Michel; Scialom, Laurence - In: Economie Internationale (2010) 123, pp. 31-66

The global financial crisis has pinpointed the relevance and the virulence of systemic risk in modern innovative finance. It is grounded in the propensity of credit markets to drift to extremes in close correlation with asset price spikes and slumps. In turn, such a propensity is nurtured by the...

Persistent link: https://www.econbiz.de/10008852745

The 2007 Meltdown in Structured Securitization: Searching for Lessons not Scapegoats

Caprio, Gerard Caprio, Jr.; Demirguc-Kunt, Asli; Kane, … - Center for Development Economics, Williams College - 2008

contradictory political and bureaucratic incentives that undermine the effectiveness of financial regulation and supervision in … every country in the world. We conclude the paper by identifying reforms that would improve incentives by increasing …

Persistent link: https://www.econbiz.de/10008852787

Financial Regulation in a Changing World: Lessons from the Recent Crisis

Caprio, Gerard Caprio, Jr. - Center for Development Economics, Williams College - 2009

regarded as the conventional wisdom on financial regulation prior to the 2007 onset of the crisis, briefly recounts some of the … way as to exacerbate the instability that was subsequently experienced. A key theme is that financial regulation needs to … be more dynamic, taking account of financial innovations and how they affect the sector. No such approach to regulation …

Persistent link: https://www.econbiz.de/10008852788

Crises and Hedge Fund Risk

Billio, Monica; Getmansky, Mila; Pelizzon, Loriana - School of Management, Yale University - 2008

We study the effect of financial crises on hedge fund risk. Using a regime-switching beta model, we separate systematic and idiosyncratic components of hedge fund exposure. The systematic exposure to various risk factors is conditional on market volatility conditions. We find that in the...

Persistent link: https://www.econbiz.de/10008852979

The Globalization Of The Banking And Financial Crisis On International Level

Turkes, Mirela Catalina - In: Annals of the University of Petrosani, Economics 10 (2010) 1, pp. 349-362

. The research consisted in presenting the assembly of the actions taken by the world states governments for saving or … the economies of the world countries, recently affected by this strong financial crisis. …

Persistent link: https://www.econbiz.de/10008853231

Bankruptcy - A Possible New Start For The Small Business?

Vasilescu, Laura Giurca; Popa, Ana - In: Annals of the University of Petrosani, Economics 10 (2010) 1, pp. 111-118

Many factors (internal and external) can make a business vulnerable. In the context of the international financial crisis, the firms, and especially the small and mediume enterprises (SMEs) have to face new challenges. Smaller businesses are particularly prone to financial difficulties as they...

Persistent link: https://www.econbiz.de/10008853290

A magyar mezőgazdaság finanszírozásának főbb elemei a pénzügyi válságban

Kemeny, Gabor - In: GAZDÁLKODÁS: Scientific Journal on Agricultural Economics 54 (2010) 5

Kutatásunk eredményeként megállapítottuk, hogy a mezőgazdasági finanszírozás fontosabb csatornái a közvetlen banki finanszírozás és a közvetett banki finanszírozás. Ez utóbbinál a bank nem közvetlenül a termelőt, hanem egy köztes szervezetet, leggyakoribb esetben...

Persistent link: https://www.econbiz.de/10008853781

Protectionist Responses to the Crisis: Global Trends and Implications

Bussière, M.; Pérez-Barreiro, E.; Straub, R.; Taglioni, D. - Banque de France - 2011

since the mid-2000s, and has possibly intensified since the start of the financial crisis. However, no World Trade …

Persistent link: https://www.econbiz.de/10008854102

Financial Black-Holes: The Interaction of Financial Regulation and Bailout Guarantees

Rancière, Romain; Tornell, Aaron - C.E.P.R. Discussion Papers - 2011

This paper argues that the U.S. financial crisis is a new type of crisis: a "financial black hole." Financial black holes are characterized by the breaking-up of credit market discipline and the large-scale financing of negative NPV projects. In a theoretical model, we explain how the...

Persistent link: https://www.econbiz.de/10008854497

The Financial Crisis and Chinaâ€™s â€œHarmonious Societyâ€

Haan, Arjan de - In: Journal of Current Chinese Affairs - China aktuell 39 (2010) 2, pp. 69-99

The global financial crisis has had a large negative impact on Chinaâ€™s economy, particularly on employment, but the government responses appear to have been effective. This article focuses on the social policy responses after the crisis, and how these are situated in the austere social...

Persistent link: https://www.econbiz.de/10011143774