Showing 1 - 10 of 88
[...]In our view, this apparently surprising immunity of the U.S.economy to the Asia crisis reflects the fact that the original wayof thinking about the crisis was flawed. First, it focused only ondemand-side channels and ignored the supply side. Second, thedepreciation of the Asian currencies...
Persistent link: https://www.econbiz.de/10005869933
Asset market values react to economic news and policychanges, and consumers react to changes in asset marketvalues. The consumption-wealth channel of monetary policyspells out this mechanism: changes in monetary policy affectasset values, which in turn affect consumer spending onnondurable goods...
Persistent link: https://www.econbiz.de/10005869379
[...]I will begin with deregulation. Compared with the regulatedEuropean financial systems of the postwar period, mostEuropean countries have been liberalizing their financialservices sectors. This trend began in the mid-1960s andaccelerated in the 1980s and 1990s. At the same time,...
Persistent link: https://www.econbiz.de/10005869908
two similar-sized banks operating in the Netherlands in the 1920s: the Amsterdamsche Bank and the Rotterdamsche … Bankvereeniging. Whilst the first escaped the crisis relatively unscathed, the second required assistance from the Nederlandsche Bank …, the Dutch central bank. A new and detailed narrative of one episode of the crisis using as yet unused primary sources is …
Persistent link: https://www.econbiz.de/10005870562
On 5 December 1925, the ‘Portuguese Bank Note Bubble’ burst. The Lisbon daily newspaper, O Século (The Century … English security printing company Waterlow and Sons that he was a representative of the Bank of Portugal, and created his own … bank through which he concealed over £3m in counterfeit money.[...] …
Persistent link: https://www.econbiz.de/10005870587
One of the most significant changes in the labour market in the twentieth century was the rise of the internal labour market. Its origins can be found in the nineteenth century, particularly in the large service companies such as banks and the railway companies. By studying the internal labour...
Persistent link: https://www.econbiz.de/10005870747
Indian states. In addition, the enforcement ofdirected bank lending requirements was associated with increased bankborrowing …
Persistent link: https://www.econbiz.de/10009248838
The textbook view of the monetary transmissionmechanism rests on the central bank’s ability tomanipulate the overnight … overnight rate reverberateinto longer maturity rates. However, while few dispute the factthat the central bank controls the …
Persistent link: https://www.econbiz.de/10005869372
large. For instance, economists havedisagreed about whether a central bank should utilize bankreserves or the interest rate …
Persistent link: https://www.econbiz.de/10005869374
[...]In the first half of the paper, we review the significantchanges in the housing finance system over the past thirty yearsand discuss the implications of these changes for the cost andavailability of mortgage credit. In the second half, we present atwo-part econometric analysis of the...
Persistent link: https://www.econbiz.de/10005869381