Author : Carmen M. Reinhart
Publisher : Princeton University Press
Page : 513 pages
File Size : 50,99 MB
Release : 2011-08-07
Category : Business & Economics
ISBN : 0691152640
An empirical investigation of financial crises during the last 800 years.
Author : M. Ayhan Kose
Publisher : World Bank Publications
Page : 403 pages
File Size : 24,29 MB
Release : 2021-03-03
Category : Business & Economics
ISBN : 1464815453
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author : Corrado Macchiarelli
Publisher : Springer Nature
Page : 197 pages
File Size : 31,6 MB
Release : 2020-08-25
Category : Political Science
ISBN : 3030443485
In light of the handover from the European Central Bank President Mario Draghi to Christine Lagarde in November 2019, this book provides an in-depth analysis of the events which unfolded since the euro area sovereign debt crisis in 2010 up until today. The book focuses on the far-reaching implications of the last decade, shedding light on a wide spectrum of political, economic and financial aspects of the European poly-crises and how monetary policy reacted to these challenges. The book places particular emphasis on the tensions that the supranational central bank was subject to during this period, and on their outcomes in terms of the policies, their legitimacy, and their public reception. As such, this book will be relevant not only to understand the political implications of the past crisis but also, and foremost, in understanding "what is next".
Author :
Publisher : Elsevier
Page : 370 pages
File Size : 30,63 MB
Release : 2022-04-07
Category : Business & Economics
ISBN : 0323957730
Handbook of International Economics, Sixth Edition provides a definitive reference for researchers and advanced graduate students. The book includes self-contained surveys of the current state of a branch of economics in the form of chapters prepared by leading specialists. These surveys summarize not only received results but also newer developments from journal articles and discussion papers. Chapters cover The Global Financial Cycle, Dominant Currency Paradigm: a review, Rethinking exchange rate regimes, CIP deviations, the dollar, and frictions in international capital markets, International macroeconomics with imperfect financial markets, The prudential use of capital controls and foreign currency reserves, and Financial crises: a survey. - Provides the authority and expertise of leading contributors from an international board of authors - Presents the latest release in the Handbook of International Economics series - Includes self-contained surveys of the current state of a branch of economics in the form of chapters prepared by leading specialists
Author : Mr.Ayhan Kose
Publisher : International Monetary Fund
Page : 77 pages
File Size : 45,44 MB
Release : 2008-12-01
Category : Business & Economics
ISBN : 1451871325
We provide a comprehensive empirical characterization of the linkages between key macroeconomic and financial variables around business and financial cycles for 21 OECD countries over the period 1960–2007. In particular, we analyze the implications of 122 recessions, 112 (28) credit contraction (crunch) episodes, 114 (28) episodes of house price declines (busts), 234 (58) episodes of equity price declines (busts) and their various overlaps in these countries over the sample period. Our results indicate that interactions between macroeconomic and financial variables can play major roles in determining the severity and duration of recessions. Specifically, we find evidence that recessions associated with credit crunches and house price busts tend to be deeper and longer than other recessions. JEL Classification Numbers: E32; E44; E51; F42
Author : Terence Halliday
Publisher : Stanford University Press
Page : 537 pages
File Size : 50,52 MB
Release : 2009-04-20
Category : Social Science
ISBN : 0804760756
Through the lens of the Asian Financial Crisis, this book documents how international organizations and national governments crafted legal responses, through corporate bankruptcy reforms, to the fragility of financial markets in East Asia and worldwide.
Author : Paul Wachtel
Publisher : Free Press
Page : 378 pages
File Size : 25,15 MB
Release : 1982
Category : Business & Economics
ISBN :
Discuss four crisis-prone areas of the economy-monetary control, bankruplcy, the international economy, and speculative bubbles.
Author : Leung, Charles K.Y.
Publisher : Edward Elgar Publishing
Page : 480 pages
File Size : 33,68 MB
Release : 2022-06-16
Category : Business & Economics
ISBN : 1789908493
This Handbook collects a set of academic and accessible chapters to address three questions: What should real estate economists know about macroeconomics? What should macroeconomists know about real estate? What should readers know about the interaction between real estate and macroeconomics?
Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 252 pages
File Size : 43,3 MB
Release : 2009-04-22
Category : Business & Economics
ISBN : 1589068068
This edition of the World Economic Outlook explores how a dramatic escalation of the financial crisis in September 2008 provoked an unprecedented contraction of activity and trade, despite active policy responses. It presents economic projections for 2009 and 2010, and also looks beyond the current crisis, considering factors that will shape the landscape of the global economy over the medium term, as businesses and households seek to repair the damage. The analysis also outlines the difficult policy challenges presented by the overwhelming imperative to take all steps necessary to restore financial stability and revive the global economy, and the longer-run need for national actions to be mutually supporting. The first of two analytical chapters, "What Kind of Economic Recovery?" explores the shape of the eventual recovery. The second, "The Transmission of Financial Stress from Advanced to Emerging and Developing Economies," focuses on the role of external financial linkages and financial stress in transmitting economic shocks.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 88 pages
File Size : 39,26 MB
Release : 2014-12-22
Category : Business & Economics
ISBN : 1498342434
This paper explores how banking sector developments and characteristics influence the propagation of risks from the banking sector to sovereign debt, including how they affect the extent of fiscal costs of banking crises when those occur. It then proposes practices and policies for the fiscal authorities to help manage the risks and enhance crisis preparedness.
