Results 21 to 30 of about 45,847 (119)
The Rise and Fall of Sectoral Net Wealth in Ireland [PDF]
This article is about the loss in wealth precipitated by the latest financial crisis and economic recession has been substantial.
Cussen, Mary, Phelan, Gillian
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An assessment of financial sector rescue programmes [PDF]
We analyse the wide array of rescue programmes adopted in several countries, following Lehman Brothers’ default in September 2008, in order to support banks and other financial institutions. We first provide an overview of the programmes, comparing their
Andrea Zaghini +8 more
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Exchange Rate Management: Intertemporal Tradoffs [PDF]
The management of the exchange rate is possible only if the government pursues a monetary-fiscal policy mix which is consistent with its exchange rate targets.
Assaf Razin, Elhanan Helpman
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Liquidity effects and cost channels in monetary transmission [PDF]
, 2009 We study liquidity effects and cost channels within a model of nominal rigidities and imperfect competition that gives explicit role for money-credit markets and investment decisions.
Aksoy, Yunus +2 more
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Do CDS spreads reflect default risks? Evidence from UK bank bailouts [PDF]
, 2010 CDS spreads are generally considered to reflect the credit risks of their reference entities. However, CDS spreads of the major UK banks remained relatively stable in response to the recent credit crisis.
Constantinou, N +2 more
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Systemic Failure of Private Banking: A Case for Public Banks [PDF]
The current crisis represents systemic failure of private banking. The private nature of banks has created opacity, and exacerbated problems of liquidity, bad assets and capital shortage.
Costas Lapavitsas
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Segmented Asset Markets and Optimal Exchange Rate Regimes [PDF]
This paper revisits the issue of the optimal exchange rate regime in a flexible price environment. The key innovation is that we analyze this question in the context of environments where only a fraction of agents participate in asset market transactions
Amartya Lahiri +2 more
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Optimal Economic Growth Using Fiscal and Monetary Policies [PDF]
The literature on growth theory is rich with models attempting to explain growth differences among countries. Several variables have been proposed many of which were found to be positively related to growth.
Hassan Bougrine, Teppo Rakkolainen
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Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective [PDF]
Firms in emerging markets are exposed to severe financial frictions and credit constraints, that are exacerbated by the sudden stop of capital inflows. Can monetary policy offset this external credit squeeze?
Arvind Krishnamurthy, Ricardo Caballero
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Monetary policy in an economy with nominal wage contracts [PDF]
A demonstration that optimal monetary policy can be either procyclical or countercyclical in a model where wages are "sticky" because of a nominal contracting constraint.Monetary policy ...
Charles T. Carlstrom
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