economists economics and the financial crisis

Tài liệu Global imbalances and the financial crisis: Link or no link? docx

Tài liệu Global imbalances and the financial crisis: Link or no link? docx

Ngày tải lên : 17/02/2014, 03:20
... conjecture that the main contributing factor to the financial crisis was not “excess saving” but the “excess elasticity” of the international monetary and financial system: the monetary and financial ... closed economy and then in an open economy, and explores financing and intermediation patterns in the run-up to, and during, the crisis The discussion focuses largely on identities and on the risk ... before the financial crisis We see the unsustainable expansion in credit and asset prices ( financial imbalances”) that preceded the crisis as a sign of a significant and persistent gap between the...
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Changing Nature Of Financial Intermediation And The Financial Crisis Of 2007-09 pptx

Changing Nature Of Financial Intermediation And The Financial Crisis Of 2007-09 pptx

Ngày tải lên : 14/03/2014, 23:20
... financial crises We describe the changing nature of financial intermediation in the market-based financial system, chart the course of the recent financial crisis, and outline the policy responses that ... haircuts and spreads are reported for three dates: May 2007 (prior to the crisis) , May 2008 (in the midst of the crisis) , and May 2009 Both haircuts and spreads rose substantially during the crisis ... relationship between the shadow banking system and the core commercial banking system was the nexus of the crisis Understanding this nexus better, and monitoring the relationship between the commercial...
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Global Imbalances and the Financial Crisis: Products of Common Causes pdf

Global Imbalances and the Financial Crisis: Products of Common Causes pdf

Ngày tải lên : 23/03/2014, 02:20
... of the crisis, and in particular the conditionality imposed by the IMF as the quid pro quo for financial assistance, left a bitter memory As Figure shows, the developing Asian countries and the ... distortions, and financial innovation created the toxic mix of conditions making the U.S the epicenter of the global financial crisis Given the regulatory weaknesses outside the U.S and competitive ... partial explanation of the high U.S external deficit over the 2000s See Chinn and Ito (2007) and Gruber and Kamin (2007) 12 2000, and other industrial country rates other than the United Kingdom’s...
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lin et al - national intellectual capital and the financial crisis in austria, belgium, the netherlands, and switzerland (2014)

lin et al - national intellectual capital and the financial crisis in austria, belgium, the netherlands, and switzerland (2014)

Ngày tải lên : 01/11/2014, 11:41
... trade and the international financial market The Netherlands 15 At the start of the crisis, the unemployment rate in The Netherlands was the lowest in Europe at around % (Euro area average 10 %) and ... boost demand, save jobs, and help C Y.-Y Lin et al., National Intellectual Capital and the Financial Crisis in Austria, Belgium, The Netherlands, and Switzerland, SpringerBriefs in Economics, ... Austria, Belgium, The Netherlands, and Switzerland The first signs of the financial crisis appeared in the American financial system in the summer of 2007 Financial institutions in the United States...
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lin et al - national intellectual capital and the financial crisis in israel, jordan, south africa, and turkey (2014)

lin et al - national intellectual capital and the financial crisis in israel, jordan, south africa, and turkey (2014)

Ngày tải lên : 01/11/2014, 11:41
... data The path development of the four countries is again at the two ends of the continuum, with Israel in the middle upper end and the other three countries at the lower end Turkey is at the upper ... in Taipei, Taiwan She was the dean in charge of financial aid and student loans and thus saw firsthand the direct impact the financial crisis had upon our students The crisis was so devastating ... national policy, the booklet also summarizes the background of each country before the crisis, the key events during the crisis, economic development afterwards, and future prospects and challenges...
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lin et al - national intellectual capital and the financial crisis in france, germany, ireland, and the united kingdom (2014)

lin et al - national intellectual capital and the financial crisis in france, germany, ireland, and the united kingdom (2014)

Ngày tải lên : 01/11/2014, 16:23
... 17th, Ireland 16th, and the United Kingdom 20th The 2008 financial crisis caused severe impacts across the globe and is considered to be the worst since the Great Depression of the 1930s The crisis ... Ireland, and the United Kingdom The scope of the 2008 financial crisis is without precedent since 1945 The aggregate GDP of the OECD countries contracted by 4.5 % from the peak attained in the ... national policy, the booklet also summarizes the background of each country before the crisis, the key events during the crisis, economic development afterwards, and future prospects and challenges...
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posta & talani (eds.) - europe and the financial crisis (2011)

posta & talani (eds.) - europe and the financial crisis (2011)

Ngày tải lên : 03/11/2014, 19:21
... EUROPE AND THE FINANCIAL CRISIS: GENERAL ISSUES The Regulation of the European Financial Market after the Crisis Pedro Gustavo Teixeira Introduction The financial crisis: disintegrating markets? The ... PART II THE IMPACT OF THE FINANCIAL CRISIS ON SINGLE EUROPEAN COUNTRIES The UK and the Euro in the Aftermath of the Global Financial Crisis Leila Simona Talani Introduction The case for the UK ... consequences for EMU The Greek crisis and the Stability and Growth Pact ECB independence and the no-bailout clause The Greek crisis and the ‘two-speed EMU’: the restricted solidarity hypothesis Some concluding...
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lin et al - national intellectual capital and the financial crisis in argentina, brazil, chile, colombia, mexico, and venezuela (2014)

lin et al - national intellectual capital and the financial crisis in argentina, brazil, chile, colombia, mexico, and venezuela (2014)

Ngày tải lên : 04/11/2014, 05:34
... ecosystems The only predictable in true innovation is the unpredictability and the surprises The role of the public sector is to drive strategy and measures enabling the unpredictable, and to catalyze ... in Taipei, Taiwan She was the dean in charge of financial aid and student loans and thus saw firsthand the direct impact the financial crisis had upon our students The crisis was so devastating ... national policy, the booklet also summarizes the background of each country before the crisis, the key events during the crisis, economic development afterwards, and future prospects and challenges...
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Tài liệu The Financial Crisis: A Timeline of Events and Policy Actions ppt

Tài liệu The Financial Crisis: A Timeline of Events and Policy Actions ppt

Ngày tải lên : 17/02/2014, 21:20
... Page 22 of 32 The Federal Reserve and the U.S Treasury issue a joint statement on the appropriate roles of each during the current financial crisis and into the future, and on the steps necessary ... Press Release The FOMC establishes new swap lines with the Reserve Bank of Australia and the Sveriges Riksbank for up to $10 billion each and with the Danmarks Nationalbank and the Norges Bank ... Office of the Comptroller of the Currency, Office of Thrift Supervision, and the Federal Reserve Board issue a joint statement that the U.S government stands firmly behind the banking system, and that...
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DANMARKS NATIONALBANK WORKING PAPERS: Liquidity of Danish Government and Covered Bonds – Before, During and After the Financial Crisis – Preliminary Findings doc

DANMARKS NATIONALBANK WORKING PAPERS: Liquidity of Danish Government and Covered Bonds – Before, During and After the Financial Crisis – Preliminary Findings doc

Ngày tải lên : 06/03/2014, 04:21
... Mae and Freddie Mac being taken into conservatorship by the US Government, the AIG bailout and the failure of Lehmann Brothers (Fender and Gyntelberg (2008)) Finally, the period after the crisis ... Turnover rate The turnover rate is the sum of the market value of all large trades in a given month divided by the average of the outstanding nominal amounts at the beginning and the end of the month ... 2009 (Chart 12) During the peak of the crisis in October 2008 and the period leading up to the crisis there was a notable increase in the illiquidity measure in both markets The increase is somewhat...
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THE FINANCIAL CRISIS INQUIRY REPORT - Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States docx

THE FINANCIAL CRISIS INQUIRY REPORT - Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States docx

Ngày tải lên : 06/03/2014, 09:22
... President, the Congress, and the American people the results of its examination and its conclusions as to the causes of the crisis More than two years after the worst of the financial crisis, our ... throughout the crisis and did not contribute to the significant financial firm losses that were central to the financial crisis The GSEs participated in the expansion of subprime and other risky ... THE FINANCIAL CRISIS INQUIRY REPORT ∞ FINAL REPORT OF THE NATIONAL COMMISSION ON THE CAUSES OF THE FINANCIAL AND ECONOMIC CRISIS IN THE UNITED STATES Submitted by THE FINANCIAL CRISIS INQUIRY...
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The Financial Crisis and Information Gaps: Progress Report Action Plans and Timetables pptx

The Financial Crisis and Information Gaps: Progress Report Action Plans and Timetables pptx

Ngày tải lên : 06/03/2014, 19:20
... Recommendation # 4); and, the enhancement of the frequency and timeliness of the CPIS data and the identification of the institutional sector of the foreign debtor in the case of the IMF) These working ... (IBS) The IMF and the BIS are encouraged to continue their work to improve the coverage of significant financial centers in the CPIS and IBS, respectively Recommendation 11: The BIS and the CGFS ... (CPIS) and in the BIS’s International Banking Statistics (IBS) The IMF and the BIS are encouraged to continue their work to improve the coverage of significant financial centers in the CPIS and...
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The Financial Crisis and Information Gaps: Implementation Progress Report potx

The Financial Crisis and Information Gaps: Implementation Progress Report potx

Ngày tải lên : 06/03/2014, 19:20
... standards for sectors other than Financial corporations, General Government, and the Rest of the World All other standards noted—MFS, HSS, GFS, and IIP—flow from the SNA sector standards for Financial ... statistics (IBS) The IMF and the BIS are encouraged to continue their work to improve the coverage of significant financial centers in the CPIS and IBS, respectively Both the BIS and the IMF to continue ... and maturity mismatches in the financial system, drawing on inputs from the Committee on the Global Financial System (CGFS) and the Basel Committee on Banking Supervision (BCBS) The IMF and the...
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The Relationship Between Bank and Interbank Interest Rates during the Financial Crisis: Empirical Results for the Euro Area pptx

The Relationship Between Bank and Interbank Interest Rates during the Financial Crisis: Empirical Results for the Euro Area pptx

Ngày tải lên : 22/03/2014, 23:20
... banks to their customers, therefore they have effects on the behaviour of borrowers and consequently on the real economy On the other hand, prices set by banks influence their profitability and soundness ... throughout the recent financial crisis Stavrev et al., (2009) analyse the European Central Bank's (ECB's) response to the global financial crisis Their results suggest that even during the crisis, the ... high amounts On October 2008, the ECB, the Federal Reserve, the Bank of England, the Bank of Canada, the Bank of Sweden and the Swiss National Bank, with the support of the Bank of Japan, have carried...
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Common factors in the performance of European corporate bonds – evidence before and after financial crisis pdf

Common factors in the performance of European corporate bonds – evidence before and after financial crisis pdf

Ngày tải lên : 29/03/2014, 06:21
... market We study the performance before and after financial crisis and shed more light on determinants of the performance after financial crisis To the best of our knowledge, this is the first study ... rate and default risk The proxy for the interest rate risk is the difference between the monthly return of government bonds and the one-month risk-free rate of the previous month The proxy of the ... on the excess return of the complete maturity spectrum of Eurozone Sovereign bonds and the month Euribor rate of the previous month ∆DS_Level and ∆DS_Slope are the returns of the first and the...
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the financial crisis and the free market cure - john allision

the financial crisis and the free market cure - john allision

Ngày tải lên : 11/07/2014, 22:27
... self-fulfillment and true happiness 1 Fundamental Themes THERE ARE SIX FUNDAMENTAL THEMES THAT REFLECT THE BASIC causes, consequences, and cures of the financial crisis and the ensuing Great Recession These ... of the financial crisis: he was CEO of one of the largest yet healthiest financial institutions in the United States; he has a deep understanding of economics and the way it plays out in the ... the bank CEOs and others during the good times, and now it is their turn to be in charge The humble bureaucrats are then energized with the moral certainty and clarity of the Gestapo There is a...
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chadha & holly (eds.) - interest rates, prices and liquidity; lessons from the financial crisis (2012)

chadha & holly (eds.) - interest rates, prices and liquidity; lessons from the financial crisis (2012)

Ngày tải lên : 01/11/2014, 11:17
... banks around the world responded in different ways to the crisis 1.1 Macroeconomics and the crisis The financial crisis has pushed the perennial questions of money and banking back to the fore of ... together economists from academia, financial markets and central banks to discuss some of the challenges that arose from both the financial crisis itself and the response to that crisis Many of the ... structures in the euro area compared with, in particular, the US With the onset of the interbank crisis in the summer of 2007 the ECB immediately increased the availability of liquidity to the banking...
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kolb - lessons from the financial crisis; causes, consequences, and our economic future (2010)

kolb - lessons from the financial crisis; causes, consequences, and our economic future (2010)

Ngày tải lên : 01/11/2014, 13:25
... Paradoxes of the 2008–2009 Economic and Financial Crisis 59 John E Marthinsen 10 Understanding the Subprime Financial Crisis 69 Steven L Schwarcz PART II Causes and Consequences of the Financial Crisis ... Yet the broad scope of these books and their focus on drama and personalities implies that they cannot provide the definitive word on the crisis Far from the limelight of the best-seller list and ... Monetary Policy, and the Financial Crisis 451 56 Federal Reserve Policy and the Housing Bubble 453 Lawrence H White 57 The Greenspan and Bernanke Federal Reserve Roles in the Financial Crisis 461 John...
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