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Financial and economic crises repeat themselves at indefinite intervals. As in the Great Recession (also known as Subprime Crisis) of 2007/2008 there was a bundle of events and processes that preceded it and contributed to its emergence, whether it be economic, political, or ideological. Based...
Persistent link: https://www.econbiz.de/10014359049
of the crises and we discuss the implications of these recent developments for the world economy. …
Persistent link: https://www.econbiz.de/10011311194
This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990. The data show similarities across crises during NPL build-ups but less so during NPL resolutions. We find a close relationship between NPL problems-elevated and unresolved...
Persistent link: https://www.econbiz.de/10012206258
During crises, the number of loans that cannot be paid back increases. What are the lessons from past crises for non-performing loan resolution after COVID-19? In this article we use a new database covering non-performing loans (NPLs) in 88 banking crises since 1990 to find out. The data show...
Persistent link: https://www.econbiz.de/10012830540
We analyze cyclical co-movement in credit, house prices, equity prices, and long-term interest rates across 17 advanced economies. Using a time-varying multi-level dynamic factor model and more than 130 years of data, we analyze the dynamics of co-movement at different levels of aggregation and...
Persistent link: https://www.econbiz.de/10011987786
The authors analyze cyclical co-movement in credit, house prices, equity prices, and long-term interest rates across 17 advanced economies. Using a time-varying multi-level dynamic factor model and more than 130 years of data, they analyze the dynamics of co-movement and compare recent...
Persistent link: https://www.econbiz.de/10011992406
The current economic crisis is a complex social phenomenon, several aspects of which go beyond national borders and also cross traditional academic disciplinary boundaries. While initial academic commentary in media has typically been grounded within finance or economics disciplinary boundaries,...
Persistent link: https://www.econbiz.de/10014046074
policies are created after the 1980 worldwide financial capital in the reorganization of the globalized world with the … natural. Because the world is now a different place. Historically, the analysis we do, we briefly as opposed to a dynamic … capital expansion, before the 1st and 2nd World War battle of inter-imperialist sharing came up. Chronologically, according to …
Persistent link: https://www.econbiz.de/10012985638
The return to economic liberalism in the Anglo-Saxon world was motivated by the apparent failure of Keynesian economic …
Persistent link: https://www.econbiz.de/10013120419
We show that political booms, measured by the rise in governments' popularity, predict financial crises above and beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in emerging economies. We show that governments in emerging...
Persistent link: https://www.econbiz.de/10013047326