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Financial Literacy and the Financial Crisis [PDF]
The ability of consumers to make informed financial decisions improves their ability to develop sound personal finance. This paper uses a panel dataset from Russia, an economy in which consumer loans grew at an astounding rate - from about US$10 billion in 2003 to over US$170 billion in 2008 - to examine the importance of financial literacy and its ...
Klapper, Leora+2 more
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Lending of Last Resort, Moral Hazard and Twin Crises: Lessons from the Bulgarian Financial Crisis 1996/1997 [PDF]
In 1996/1997 Bulgaria was hit by a severe financial crisis, spreading from a banking crisis to a currency crisis. While being widely neglected by the financial crisis literature and the international discussion we argue that the Bulgarian Financial ...
Berlemann, Michael+2 more
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Impact of the Financial Crisis [PDF]
The major thrust of insolvency reform across many jurisdictions over the last twenty years has been the development of legislation to facilitate business reorganizations. Any regime which involves rescue requires a degree of support from the commercial environment.
Vriesendorp, R.D., Gramatikov, M.A.
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Financial narratives in crisis [PDF]
As I write this now, it seems difficult to imagine how this moment might one day be seen as historical. To arrive at its historicity, a moment such as this must come to be viewed as a juncture at which various potentials, possible courses of action, and fields of possibility will have been opened or closed, from the vantage point of another, as-yet ...
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Exporters in the Financial Crisis [PDF]
Using a large panel of UK manufacturing firms over the period 2000–9, we consider how firms responded during the most recent financial crisis, estimating models for export market participation decisions and firm growth and survival. The results indicate that financial variables are highly important in predicting export market entry, especially in the ...
Görg, Holge, Spaliara, Marina Eliza
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The Decentralized Financial Crisis [PDF]
The Global Financial Crisis of 2008, caused by the accumulation of excessive financial risk, inspired Satoshi Nakamoto to create Bitcoin. Now, more than ten years later, Decentralized Finance (DeFi), a peer-to-peer financial paradigm which leverages blockchain-based smart contracts to ensure its integrity and security, contains over 702m USD of capital
Arthur Gervais+4 more
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Taxation and the Financial Crisis [PDF]
AbstractThe financial crisis has opened up a global debate on the taxation of the financial sector. A number of international policy initiatives, most notably by the G20, have called for major changes in the tax treatment of financial institutions and transactions as well as individuals working in the financial sector.
Alworth Julian, ARACHI, GIAMPAOLO
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Financial Crisis Resolution [PDF]
This paper studies a dynamic version of the Holmstrom-Tirole model of intermediated finance. I show that competitive equilibria are not constrained efficient when the economy experiences a financial crisis. A pecuniary externality entails that banks’ desire to accumulate capital over time aggravates the scarcity of informed capital during the financial
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Financial Structure and Financial Crisis [PDF]
For many years the economies of South East Asia were regarded as models for economic development. The four tigers, Hong Kong, South Korea, Singapore and Taiwan, grew from low levels of income per head to among the highest in the world in a few decades.
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IS A FINANCIAL CRISIS A TRAUMA? [PDF]
Is a financial crisis a trauma? More hangs on this question than might at first appear, for if, as I hope to demonstrate, the answer is yes, then profound implications follow for issues of major importance in critical thought, including the power of symbolic systems to shape experience and material conditions, the challenge of representing disastrous ...
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