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world struggles to scale up vaccination in the face of new waves and variants, continued emphasis on testing could help …
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Entscheidungsfreiheit («economic freedom») ausüben. Die Analyse beruht einerseits auf einer Fallstudie der skandinavischen Bankenkrise der … Ergebnisse deuten darauf hin, dass im Nachgang zu einer Banken- bzw. Finanzkrise der Grad der Wirtschaftsfreiheit auf kürzere … Frist abnimmt, längerfristig aber eher ansteigt. Demgegenüber führt eine Wirtschaftskrise, d.h. eine hohe «Produktionslücke …
Persistent link: https://www.econbiz.de/10010685131
It has been several decades since I served as an Enforcement Director at the SEC, however, the recent turmoil in the financial markets that led to a worldwide recession bear an uncanny resemblance to events in times long gone. The unchecked excesses of bankers and corporate executives today are...
Persistent link: https://www.econbiz.de/10010669455
This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its resolution. Although a strategy was put in place over the...
Persistent link: https://www.econbiz.de/10005826629
During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among economic researchers and forecasters. Existing studies, however, do not tackle the immense heterogeneity that is present in cross-country samples in a formal and consistent way....
Persistent link: https://www.econbiz.de/10005012878
We present a stylized framework which encompasses a variety of "balance sheet approaches" to currency crises that have been suggested in the literature, and analyze their policy implications. The common theme is that currency and maturity mismatches in private sector balance sheets constrain the...
Persistent link: https://www.econbiz.de/10005599651
suggest that government-led restructuring efforts should integrate corporate and bank restructuring in a holistic and …
Persistent link: https://www.econbiz.de/10005605507