AbstractThe following sections are included:The Analysis and ResultsPolicy ImplicationsReferences

AbstractThe following sections are included:IntroductionThe Cause of the Global Financial CrisisCausesFlexible Inflation Targeting (FIT) and BubbleDigression: The Japanese Bubble ExperienceMiddle Ground: Should the Central Bank Target Asset Prices?Collecting and Calculating Housing Price...

AbstractThe following sections are included:Eurozone in Balance Sheet RecessionDestabilizing Intra-Eurozone Capital FlowsAn Endgame SolutionNavigating the Transition PeriodECB Could Buy More Government Bonds to Counter Lender-Side ProblemsConclusionReference

AbstractOne of the ironies of the current global financial crisis is that the very innovations designed to mitigate risks in the past few decades have been blamed for causing the huge losses in wealth. But it is not the innovations that caused the cascade of losses that began in 2008; it was...

AbstractIn 1867, when the American economy was still largely agricultural, Horace Greeley, the editor of the New York Tribune, threw out the following challenge in a lecture that he gave in Lower Manhattan: “There are 500,000 farmers, probably, in the State of New York today, who, if you were...

AbstractThe following sections are included:IntroductionFinance, Output Growth, and Output VolatilityFinance, Output Growth, and Output SkewnessConclusionReferences

AbstractWe investigate the stock market crashes in China, Iceland, and the US in the 2007–2009 period. The bond stock earnings yield difference model is used as a prediction tool. Historically, when the measure is too high, meaning that long bond interest rates are too high relative to the...

AbstractThe following sections are included:IntroductionEvidence of Scale Economies at the Largest Financial InstitutionsHow are Economies of Scale Typically Measured and Why Do They Elude Many Investigations?How are Scale Economies Measured While Accounting for Endogenous Risk-Taking?Do...

AbstractThis chapter aims to provide a conceptual framework on risk and uncertainty, with the goal of helping the reader gain a better understanding of how risk is measured and managed. Beginning with Luca Pacioli until the recent development in the discipline of risk management, the theoretical...