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Stages of the ongoing global financial crisis: Is there a wandering asset-price bubble?
Orlowski, Lucjan T. - 2008
mortgage market, spillovers into broader credit market, the liquidity crisis epitomized by the fallout of Northern Rock, Bear … elevated market, credit and liquidity risks. Since its original outbreak induced by the demise of the subprime mortgage market … and the mortgage-backed securities in the U.S., the crisis has reverberated across other credit areas, structured …
Persistent link: https://www.econbiz.de/10011430817
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Stages of the Ongoing Global Financial Crisis: Is There a Wandering Asset Bubble?
Orlowski, Lucjan T. - 2008
demise of the subprime mortgage market and the mortgagebacked securities in the U.S., this crisis has reverberated across … are identified: the meltdown of the subprime mortgage market, spillovers into broader credit market, the liquidity crisis …
Persistent link: https://www.econbiz.de/10010269915
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Stages of the 2007/2008 Global Financial Crisis Is There a Wandering Asset-Price Bubble?
Orlowski, Lucjan T. - 2008
mortgage market; spillovers into broader credit market; the liquidity crisis epitomized by the fallout of Northern Rock, Bear …
Persistent link: https://www.econbiz.de/10010298579
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Bank capital regulation, the lending channel and business cycles
Zhang, Longmei - 2009
This paper develops a Dynamic Stochastic General Equilibrium (DSGE) model to study how the instability of the banking sector can amplify and propagate business cycles. The model builds on Bernanke, Gertler and Gilchrist (BGG) (1999), who consider credit demand friction due to agency cost, but it...
Persistent link: https://www.econbiz.de/10010299852
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The global credit boom: Challenges for macroeconomics and policy
Hume, Michael; Sentance, Andrew - 2009
The recent financial crisis has put the spotlight on the rapid rise in credit which preceded it. In this paper, we provide an empirical and theoretical analysis of the credit boom and the macroeconomic context in which it developed. We find that the boom was unusually long and associated with...
Persistent link: https://www.econbiz.de/10010277874
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Spinning out of control: Iceland in crisis
2009
Persistent link: https://www.econbiz.de/10014306476
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Shifting into digital services: Does a crisis matter and for who?
van der Marel, Erik - 2020
How do trade patterns change after an external shock such as an economic crisis, and is this shift structural? This paper uses a Difference-in-Difference (DID) approach to investigate whether services trade became more digital after the Global Financial Crisis (GFC) in 2008. It finds that the...
Persistent link: https://www.econbiz.de/10014327353
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Structural and cyclical forces in the labor market during the great recession: Cross-country evidence
Sala, Luca; Söderström, Ulf; Trigari, Antonella - 2012
We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and the Great Recession. We estimate the model over the...
Persistent link: https://www.econbiz.de/10010320789
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Main flaws of the collateralized debt obligation's valuation before and during the 2008/2009 global turmoil
Benešová, Petra; Teplý, Petr - 2010
As a result of the 2008 financial crisis, the world credit markets stalled significantly and raised the doubts of market participants and policymakers about the proper and fair valuation of financial derivatives and structured products such as collateralized debt obligations (CDOs). The aim of...
Persistent link: https://www.econbiz.de/10010322285