Globalization, Specialization and Innovation Dynamics.- Savings, Investment and Growth: New Approaches for Macroeconomic Modeling -- Economic Integration, Technological Progress and Growth -- Impact of the Real Exchange Rate on Trade, Structural Change and Growth -- Macroeconomic Aspects of...

This paper proposes a new channel to explain the medium- to long-term effects of banking crises on the real economy. It embeds a banking sector prone to runs in a stylized growth model to show that episodes of bank distress affect not only the volume, but also the composition of firm investment,...

This paper aims at testing the effect of AIG's loss announcements and Federal Reserve's subsequent innovation on the financial industry. An analysis of seemingly unrelated regression on the returns of four industries- banking, insurance, brokerage firms and savings and loan Institutions (S&Ls)...