Deep Recessions, Fast Recoveries, and Financial Crises: Evidence from the American Record ppt
Deep Recessions, Fast Recoveries, and Financial Crises: Evidence from the American Record ppt
... modest in the after-
working
paper
FEDERAL RESERVE BANK OF CLEVELAND
12 14
Deep Recessions, Fast Recoveries, and
Financial Crises: Evidence from the
American Record
Michael D. Bordo and Joseph ... recovery from the 2007 recessi on.
We measure the amplitude of the contraction by the percentage drop (from the
peak) of quarterl y RGDP. We measure the re...
Payoff Complementarities and Financial Fragility: Evidence from Mutual Fund Outflows potx
... to the variable θ as the fundamental of the
fund. It captures the ability of the fund to generate high future return, and is related to the skill
of the fund manager and/ or to the strength of the ... is
θ
R
−θ
I
σ
,
11
which from now on we will denote as x. Then, the solution to the model boils down to
solving the following two equations for θ
∗∗
and x (here,...
Bank credit, asset prices and financial stability: Evidence from French banks pot
... between the turning points in the financial and the business cycles or by the banks’ will to
restore their profitability and solvency. This may weigh on their credit supply despite a pick
up in the ... to the US, credit decisions are not made on the basis
of the collateral valuation but on the banks’ assessment of the borrowers’ income streams and
capacity to s...
Environmental regulation and economic competitiveness: Evidence from the textile industry in Vietnam
... regulations, like the US and EU
markets, have to meet and anticipate these high standards. But once satisfying these
standards, they are more likely to have higher penetration rate and the companies’ ... impacts and performance by the
interviewed companies, it is crucial to go into their current financial situation. Theoretically,
the first and foremost objective of any...
Monetary Policy Surprises and Interest Rates: Evidence from the Fed Funds Futures Market doc
... change too much from one day to the next. The only
contamination is the day τ targeting error, and the revision in the expectation of future
targeting errors.
5
The expected component of the change ... (1990).
8
the December 19 move is treated as if it occurred on the 18th, and the difference between
closing futures rate on the 18th and the opening rate on the...
Credit-risk valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis ppt
... both France and The Netherlands, and the highest average was
25 bp for Greece. For the period 2009-2011, the lowest annual average CDS spread
was 31 bp for Finland in 2010 and the highest annual ... valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis
Credit-risk valuation in the sovereign CDS and bonds markets: Evidence from...
Wars and Child Health: Evidence from the Eritrean-Ethiopian Conflict pdf
... exposure to the war) and temporal (within a given region, the
timing of whether a child was born during the war period). These variables are binary and
indicate whether a child was born before the ... boys and girls born during the war in the war regions of Eritrea and Ethiopia,
and the magnitude of the negative impacts appears comparable for boys and girls. Addi...
Who carries the Burden of Reproductive Health and AIDS Programs? Evidence from OECD Donor Countries ppt
...
have the funds to execute bilateral programs and can therefore not neglect the efforts of others
if they want to achieve goals that are in line with the agenda set by the participants of the ... conference. They are dependent on others because of their small size and they have to
take into account the nature of the aggregation technologies which apply to specific public...
Human Capital and the Development of Financial Institutions: Evidence from Thailand docx
... of the village. The accuracy of financial statements, the nature of
the savings and lending services that are offered and other bank policies may all depend
on the skill and education of the ... to establish the initial fund, whether the
money manager received any accounting training, the number of years the money
manager has lived in the village and the age...