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The Real Effect of Financial Crises in the European Transition Economies

Furceri, Davide - 2010

The aim of this work is to assess the impact of financial crises on output for 11 European transition economies (CEECs). The results suggest that financial crises have a significant and permanent effect, lowering long-term output by about 17 percent. The effect is more important in smaller...

Persistent link: https://www.econbiz.de/10013150119

Managing capital flows in the presence of external risks

Reyes-Heroles, Ricardo; Tenorio, Gabriel - 2017

We introduce external risks, in the form of shocks to the level and volatility of world interest rates, into a small …

Persistent link: https://www.econbiz.de/10011779580

Economic Stability and Economic Governance in the Euro Area : What the European Crisis Can Teach on the Limits of Economic Integration

Lupo-Pasini, Federico - 2013

The recent European economic crisis has dramatically exposed the failures of the various institutional mechanisms in place to maintain economic stability in Europe, and has unveiled the difficulty in achieving international coordination on fiscal and financial stability policies. Drawing on the...

Persistent link: https://www.econbiz.de/10013085690

Financial Instability Contagion : A Dynamical Systems Approach

Castellacci, Giuseppe - 2013

We build an agent-based dynamical system for the global economy to investigate and analyze financial crises. The agents are large aggregates of a subeconomy, and the global economy is a collection of subeconomies. We use well-known theories of dynamical systems to represent a financial crisis as...

Persistent link: https://www.econbiz.de/10013076693

Unitized Risk and Real Rates of Return : A Historical Evolution of the Leading International Stock Exchanges

Nowak, Alojzy Z. - 2015

Financial markets have experienced unprecedented transformations, signs of which have emerged since the late 1970s. In recent years substantial consolidation occurred. In response to changes in macroeconomic variables, such as GDP, industrial production, inflation and the political business...

Persistent link: https://www.econbiz.de/10013027466

The Neo-Liberal Economic Philosophies of The World Bank and The IMF and Its Impacts on Countries, Governments, and Individuals in Protecting Multinational Enterprises

Nwafor-Orizu, Mmaobi - 2022

Since the introduction of the Structural Adjustment Programs and subsequent World Bank and the IMF economic adjustment … that the Neo-liberal economic philosophies of the World Bank and the IMF have continued to damage countries, governments … economic crisis. In doing so, this paper argues that the implementation of World Bank and IMF policies have contributed …

Persistent link: https://www.econbiz.de/10014030712

The Role of Civil Society in EU Financial Regulation

Prache, Guillaume - 2013

A crucial and outstanding issue for the European economy and democracy.In March 2009, the European Commission recognized the need to put "the interests of European investors, consumers and SMEs at the centre of the financial markets reform”. The Commission therefore announced it will "ensure...

Persistent link: https://www.econbiz.de/10013072210

Taxonomy of global risk, uncertainty, and volatility measures

Datta, Deepa Dhume; Londono, Juan M.; Sun, Bo; Beltran, … - 2017

A large number of measures for monitoring risk and uncertainty surrounding macroeconomic and financial outcomes have been proposed in the literature, and these measures are frequently used by market participants, policy makers, and researchers in their analyses. However, risk and uncertainty...

Persistent link: https://www.econbiz.de/10011780277

Stock-Bond Correlation : A Global Perspective

Weisberger, Noah; Xu, Xiang - 2022

Stock-bond correlation is considered an important input for multi-asset portfolio construction. While there has been much research on US stockbond correlation, less work has focused on stock-bond correlations in other countries, their relationship to each other, and their common macroeconomic...

Persistent link: https://www.econbiz.de/10013404695

Causal Links between Financial Activity and Economic Growth : Empirical Evidence from a Cross-Country Analysis, 1970-1990

Graff, Michael - 2001

To clarify the causal links between financial activity and economic growth, a series of path models is estimated for a pooled sample of 93 countries between 1970 and 1990. A multi-wave 2SLQ-analysis shows that during the 1970's and 1980's finance was predominantly a supply-leading determinant of...

Persistent link: https://www.econbiz.de/10014136664