منابع مشابه
Financial globalization, financial crises and contagion
Two observations suggest that financial globalization played an important role in the recent financial crisis. First, more than half of the rise in net borrowing of the U.S. nonfinancial sectors since the mid 1980s has been financed by foreign lending. Second, the collapse of the U.S. housing and mortgage-backed-securities markets had worldwide effects on financial institutions and asset market...
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This paper suggests, first, that a simple theoretical framework is useful in explaining financial crises in emerging economies. Second, it reviews the East Asian financial crises of 1997-98 . Third, the paper examines the origins of Argentina’s crisis of 2001-02. Fourth, it presents a comparative analysis of both crises, highlighting their similarities and differences. Finally, the conclusions ...
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This paper proposes a macroeconomic model with financial intermediaries (banks), in which banks face occasionally binding leverage constraints and may endogenously affect the strength of their balance sheets by issuing new equity. The model can account for occasional financial crises as a result of the nonlinearity induced by the constraint. Banks’ precautionary equity issuance makes financial ...
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A number of contradictory metaphors are interwoven with network culture. Perhaps the most striking is the computer scientist Tim Berners-Lee’s image of a spider’s web, which is used to represent the open interstices of communication, but also raises questions about network vulnerability. For example, is being on the web tantamount to the experience of a spider or a fly? Indeed, the World Wide W...
متن کاملCapital Flows, Output Volatility, and Financial Crises in Emerging Markets
The surge in capital flows towards emerging market countries is one of the major developments in the world economy in the 1990s. In particular, short-term flows, in the form of portfolio investments or bank loans, have grown at an extremely rapid pace. At the same time, emerging markets have experienced an increasing number of financial crises, with dire consequences. It is increasingly argued ...
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ژورنال
عنوان ژورنال: Columbia Business Law Review
سال: 2020
ISSN: 0898-0721,1930-7934
DOI: 10.52214/cblr.v2020i2.7220