Independent or lonely? Central banking in crisis

Banking Crisis and Borrower Productivity

In this paper, we propose a theoretical model in which a banking crisis (or bank distress) causes declines in aggregate productivity. When borrowing firms need additional bank loans to continue their businesses, a high probability of bank failure discourages ex ante investments (e.g., R&D investment) by firms that enhance their productivity. In a general equilibrium setting, we also show that t...

Banking in Europe: Disentangling a Twin Crisis

Central Banking , Free Banking , and Financial Crises

Agrowing literature explores the concept of free banking on both a theoretical and an historical basis. George Selgin (1988) sets out the theory of free banking and makes a compelling case that, despite the uniqueness of money, the forces of supply and demand are more conducive to monetary stability, correctly understood, than are the edicts of a central bank. Larry White (1984), focusing on th...

Qualitative Study of utilizingFinancial Instruments in Banking Crisis Management for Iranian banking system (using Delphi technique)

International standards as well as global experience show that overcoming banking crises requires a wide range of financial instruments/methods that can be used for bankchr('39')s recovery without using public funding.The main question of the present article is to identify these instruments/methods and to examine their use in the case of state-owned and privatized banks in Iran according to loc...

Student Movement in Contemporary Iran; Independent or Affiliated Movement

The student movement is considered as one of the important issues of Iranian political sociology, but its role and its nature and its relationship with other movements and movements in Iran have been discussed. The present article is trying to answer the role and function of the student movement in Iran. Using a descriptive-analytic approach, political currents have become instrumental in most ...