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of the world population into poverty. In the aftermath of the 2008 global financial crisis, the worst financial … most dominant Bitcoin with 68% of the market share. Bitcoin's arduous journey to the stardom in the digital cash world has …
Persistent link: https://www.econbiz.de/10012864964
than an arsenal of weapons of mass destruction. The U.S. media covers fear stories of some dictators around the world, and …, the World Bank, Bank for International Settlements, and the United Nation to maintain exorbitant privilege and dollar … superpowers in a bipolar world; waged war against Iraq (Persian Gulf War in 1991 and Iraq War in 2003) to free the country and the …
Persistent link: https://www.econbiz.de/10014348761
Purpose This paper investigates the effect of economic policy uncertainty on value of cash before and after the global financial crisis. Design/methodology/approach We investigate the relationship between economic policy uncertainty and value of excess cash based on the valuation model of Fama...
Persistent link: https://www.econbiz.de/10014318752
This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08. Sluggish investment was a key channel through which these losses...
Persistent link: https://www.econbiz.de/10012869286
This paper studies a newly compiled data set of annual balance sheets of more than 11,000 commercial banks across 17 advanced economies since 1870. The new data expose the central role of large banks for credit cycles and financial instability throughout modern financial history and the...
Persistent link: https://www.econbiz.de/10013492660
This paper analyzes firms' difficulties in accessing credit before and during the crisis, by focusing on two of their characteristics: financial fragility and growth prospects. Our econometric analysis indicates that fragile financial conditions were associated with a much higher than average...
Persistent link: https://www.econbiz.de/10013099614
East as a whole and a host of other countries in Europe. Coronavirus was the final blow to put the already fragile world … economy into state of coma. The world's nations would have been in a better state financially to fight coronavirus if the …
Persistent link: https://www.econbiz.de/10012837594
We provide empirical evidence of the causal effects of changes in financial intermediaries' net worth on the aggregate economy. Our strategy identifies financial shocks as high-frequency changes in the market value of intermediaries' net worth in a narrow window around their earnings...
Persistent link: https://www.econbiz.de/10013252981
The recovery from the recession after the financial crisis, in both the UK and the US, has been very slow compared with other similar events in history. During the period before the financial crash and afterwards, monetary policy deviated from the very effeective rules-based approach of the...
Persistent link: https://www.econbiz.de/10013225300
This monograph challenges the myth that the recent banking crisis was caused by insufficient statutory regulation of financial markets. Though it finds that statutory regulation failed, and that market participants took more risks than they should have done, it appears that statutory regulation...
Persistent link: https://www.econbiz.de/10013156184