This paper studies episodes in which aggregate bank credit contracts alongside expanding economic activity—credit reversals. Using data for 179 countries during 1960‒2017, the paper finds that reversals are a relatively common phenomenon--on average, they occur every five years. By...

We study the economics and finance scholars’ reaction to the 2008 financial crisis using machine learning language analyses methods of Latent Dirichlet Allocation and dynamic topic modelling algorithms, to analyze the texts of 14,270 NBER working papers covering the 1999–2016 period. We find...

This paper addresses the following questions: which was the contribution of banks’assets to the US’ expansion in the period until the financial crisis? Did commercial banks respect capital requirements? The two questions are strictly interrelated as, according to a recent literature,...

Section 1 of this work argues the case for full reserve banking. Section 2 explains the flaws in a large number of arguments put AGAINST full reserve, and section 3 explains the flaws in a few arguments put IN FAVOUR of full reserve.

This paper consider Tunisian banks case study over the period 2005–2014. The long run comparison analysis based on t-test between interest-free banks (IFB) and conventional banks (CB) of bank specific factors indicates that there are difference between Islamic and conventional banks behavior....

This paper proposes two theoretical dynamic models (Models A and B) to analyze the interaction between distributive and financial cycles in capitalist economies. Model A assumes investment equals savings at the aggregate level but assumes a delay between capitalists saving their income and...

The argument made in this manuscript is that the two traditional macroeconomic tools, fiscal policy and monetary policy, are insufficient to bring back efficiently into equilibrium an economy that has had a major crisis. Both traditional macro-tools only work through the demand side, and there...

Global supply chains reshaped international trade since the end 1980s and their role in the trade collapse that followed the financial crisis of September 2008 was determinant. Because production is now internationally diversified, adverse external shocks affect firms not only through final...

In this essay we analyze the global financial crisis of the period 2007-2010. Particularly, we assess its origins, features and the responses given to deal with it from a theoretical and historical perspective. We conclude that the global crisis may not have a short-term solution due to the lack...

Debates that emphasize rapid economic recovery from major crises can extinguish progressive views that examine fundamental issues for sound economic management of present-day capitalist systems, such as: the determination of appropriate modes of cooperation including the procedures for...