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The financial crisis viewed from the perspective of the "social costs" theory
Wray, L. Randall - 2011
This paper examines the causes and consequences of the current global financial crisis. It largely relies on the work of Hyman Minsky, although analyses by John Kenneth Galbraith and Thorstein Veblen of the causes of the 1930s collapse are used to show similarities between the two crises. K.W....
Persistent link: https://www.econbiz.de/10008933474
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The Financial Crisis Viewed from the Perspective of the 'Social Costs' Theory
Wray, L. Randall - 2011
This paper examines the causes and consequences of the current global financial crisis. It largely relies on the work of Hyman Minsky, although analyses by John Kenneth Galbraith and Thorstein Veblen of the causes of the 1930s collapse are used to show similarities between the two crises. K.W....
Persistent link: https://www.econbiz.de/10013127808
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Tobin Lives: Integrating evolving credit market architecture into flow of funds based macro-models
Muellbauer, John; Duca, John - Department of Economics, Oxford University - 2012
After the global financial crisis, there is greater awareness of the need to understand the interactions between the financial sector and the real economy and hence the potential for financial instability.  Data from the financial flow of funds, previously relatively neglected, are now seen as...
Persistent link: https://www.econbiz.de/10011004428
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Assessment of Impacts of the New Sanctions Package against Russia on Azerbaijan
Aghayev, Murad - 2023
Russia-Ukraine war on Azerbaijan. This study is important because Russia is one of Azerbaijan's main trade partners and … Azerbaijan's main export market in terms of non-oil sector exports. So far, 10 sanctions packages have been applied against … account the products of this type and the product categories that Azerbaijan trades with Russia, the 11th sanctions package is …
Persistent link: https://www.econbiz.de/10014346509
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Funding vs. Real Economy Shock : The Impact of the 2007-2009 Crisis on Small Firms' Credit Availability
Berg, Gunhild - 2014
the 2007-2009 crisis by using unique loan application and contract data from AccessBank Azerbaijan. These data allow us to …
Persistent link: https://www.econbiz.de/10013056178
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¿Crisis Después De La Crisis? La Macroeconomía Financiera Después De La Crisis Global (Crisis after Crisis? Financial Macroeconomics After the Global Crisis)
Salazar, Boris - 2013
La crisis llevó a la aparición de nuevos hechos estilizados, y al uso de técnicas y herramientas provenientes de otras disciplinas, pero no provocó una crisis del programa dominante en macroeconomía financiera. Este artículo intenta explicar por qué se siguió ese rumbo y explora dos...
Persistent link: https://www.econbiz.de/10013078155
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Financial stability policies and bank lending : quasi-experimental evidence from Federal Reserve interventions in 1920-21
Rieder, Kilian - 2020
I estimate the comparative causal effects of monetary policy "leaning against the wind" (LAW) and macroprudential policy on bank-level lending and leverage by drawing on a single natural experiment. In 1920, when U.S. monetary policy was still decentralized, four Federal Reserve Banks...
Persistent link: https://www.econbiz.de/10012318753
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Credit Supply Responses to Reserve Requirement : Loan-Level Evidence from Macroprudential Policy
Barroso, Joao - 2017
This paper estimates the impact of reserve requirements (RR) on credit supply in Brazil, exploring a large loan-level dataset. We use a difference-in-difference strategy, first in a long panel, then in a cross-section. In the first case, we estimate the average effect on credit supply of several...
Persistent link: https://www.econbiz.de/10012942937
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The Effect of Macroprudential Policies on Credit Developments in Europe 1995-2017
Budnik, Katarzyna Barbara - 2020
The paper inspects the credit impact of policy instruments that are commonly applied to contain systemic risk. It employs detailed information on the use of capital-based, borrower-based and liquidity-based instruments in 28 European Union countries in 1995—2017 and a macroeconomic panel...
Persistent link: https://www.econbiz.de/10012824519
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Financial Stability Policies and Bank Lending : Quasi-Experimental Evidence from Federal Reserve Interventions in 1920-21
Rieder, Kilian - 2021
I estimate the comparative causal effects of monetary policy \leaning against the wind" (LAW) and macroprudential policy on bank-level lending and leverage by drawing on a single natural experiment. In 1920, when U.S. monetary policy was still decentralized, four Federal Reserve Banks...
Persistent link: https://www.econbiz.de/10013213942