... not along the lines that Lichtenstein and Stein prefer. fabulous decade roaring nineties financial crises telecommunications act welfare reform NAFTA Robert Rubin New Democrats New Covenant financial deregulation The economic impact of NAFTA remains contentious to this day; however, the general...

... fundamentals is impaired during financial crises. At the same time, higher uncertainty reinforces financial distress. Through this two-way feedback loop, a temporary financial shock can cause a persistent reduction in risky lending, output, and employment that coincides with increased uncertainty, default...

... futures offer a powerful microprudential and macroprudential policy tool. That banks choose not to hedge financial-sector risk in practice is consistent with managers internalizing bank bailouts. Bank Financial crises Risk management Bailout Too-big-to-fail G2 G21 G28 G32 The financial crisis...

..., and efficiency. We assess several alternative channels of influence for cross-border bank flows but interpret the evidence on these flows as mostly consistent with a benign form of regulatory arbitrage. Cross-border bank flows Financial institutions Regulation Systemic risk Financial crises G21 G28 G34...

.../chorus/standard_publication_model ) When learning from financial crises, whether we adopt a long-term or short-term perspective matters. The response to financial crisis in 1931, 1997 and 2008 initially looked successful but immediate responses, driven by the sense that past mistakes needed to be avoided...

... emerging markets financial crises rising powers South–South relations For developing countries, the debt landscape of the third decade of the twenty-first century is radically different from the creditor line-up that they faced in the 1980s debt crisis. Bond-holders control 51 per cent of government...

... wake-up calls and provide some guidance for future empirical work. Wake-up call Information choice Financial crises Contagion Bank run Global games Fundamental re-assessment D83 F3 G01 G21 Understanding the causes of financial contagion is an important question in banking and international...

... decisions of major central banks. Finally, we argue that recurrent crises are the manifestations of the limits of dependent financialisation, which generates an unsustainable mode of integration to the global economy. Dependent financialisation Financial crises Turkey Turkey’s economy went into recession...

... economy's prospects would worsen. In fact, major crises disrupting prior periods of economic globalization have often begun as international financial crises, which then spread to other ‘sub-orders’, as in 2008. ³ The features of the current liberal monetary order reflect prior practices. ⁴...

.... financial institutions financial crisis financial markets economic crises unemployment economic sociology G20 Financial Institutions G01 Financial Crises Z13 Economic Sociology National Science Foundation 10.13039/100000001 #1528190 Stillman Drake and Corbett Goldhammer funds at Reed...

... as we observe only balance sheet data on total assets without being able to adjust assets for off-balance sheet exposures. ⁴ [email protected] This is precisely what we find: bank capital limits the economic fallout of financial crises. A more weakly capitalized financial sector going...

... the value of tradable and non-tradable endowments serves as collateral. In this environment, the economy displays self-fulfilling financial crises in which pessimistic views about the value of collateral induce agents to deleverage. Under plausible calibrations, there exist equilibria with underborrowing...

... that is influenced by general economic ideas in turn influences regulators and financial sectors. Scholars suggest that the net result of democratic and market discipline is typically conducive to financial crises, with preferences for tighter regulation emerging only after a crisis. ³⁶ In the United...

... interventions. ⁴ However, there is little work that systematically studies how to design ex ante macroprudential regulation when policymakers also have tools to respond to financial crises ex post. ⁵ The objective of our article is to fill this gap. We provide a tractable model of ex...

... the financial system and the regulation of systemically important institutions. The role of non-bank financial intermediation and social networks in shaping financial system risk is also briefly considered. D85 E58 G01 G17 G21 G28 financial networks systemic risk contagion financial crises...

... will happen to war and the state, and whether we will reach a point where war leads to the unmaking of the state. war violence armed conflict financial crises international security terrorism This article explores the changing relationship between war and the state in the western world since the end...

...-negligible way, by those volatility shocks. Dynamic factor models volatility financial crises contagion interdependence C32 C55 C38 G01 G15 In the last few decades characterized by increasing financial integration, growing attention has been devoted to financial market dynamics as an international...

... by Oxford University Press on behalf of The Royal Institute of International Affairs. All rights reserved. For permissions, please e-mail: [email protected] . 2017 Abstract Were the extensive policy responses of many governments to the financial crises of 2007–9 and the political events...

... economics corporate culture ethics financial crises financial regulation investment banking morality securities markets securities trading social responsibility G01 G02 G21 G23 G24 G28 L14 M14 Today banking ethics is often seen as an oxymoron. While it is unfair to tar an entire industry...

...Sara Bertin; Steve Ohana; Vanessa Strauss-Kahn The financial crises literature also devotes some attention to the link between political and financial risk (e.g., Eichengreen et al., 1995 , for currency crises). The rationale is that political instability may lead to sudden sovereign debt...