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Testing for financial contagion between developed and emerging markets during the 1997 East Asian crisis
Arestis, Philip (contributor);  … - 2003
Persistent link: https://www.econbiz.de/10003208246
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Integration, spurious convergence, and financial fragility : a post-Keynesian interpretation of the Spanish crisis
Pérez Caldentey, Esteban; Vernengo, Matías - 2015
The Spanish crisis is generally portrayed as resulting from excessive spending by households, associated with a housing bubble and/or excessive welfare spending beyond the economic possibilities of the country. We put forward a different hypothesis. We argue that the Spanish crisis resulted, in...
Persistent link: https://www.econbiz.de/10011349393
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The euro debt crisis and Germany's euro trilemma
Bibow, Jörg - 2012
This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that the crisis is not primarily a "sovereign debt crisis" but rather a (twin) banking and balance of payments crisis. Intra-area competitiveness and current account imbalances, and...
Persistent link: https://www.econbiz.de/10009533362
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Germany and the euroland crisis : the making of a vulnerable haven
Bibow, Jörg - 2013
This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a strong rebound from the global financial crisis of 2008-09. The Euroland crisis then meant record low interest rates and a depressed euro that boosted German extra-area exports. But...
Persistent link: https://www.econbiz.de/10009757118
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Toward an understanding of crises episodes in Latin America : a post-Keynesian approach
Pérez Caldentey, Esteban; Vernengo, Matías - 2012
Conventional wisdom about the business cycle in Latin America assumes that monetary shocks cause deviations from the optimal path, and that the triggering factor in the cycle is excess credit and liquidity. Further, in this view the origin of the contraction is ultimately related to the excesses...
Persistent link: https://www.econbiz.de/10009563683
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Asia and the global crisis : recovery prospects and the future
Felipe, Jesus - 2010
The global crisis of 2007–09 affected developing Asia largely through a decline in exports to the developed countries … long term, developing Asia’s future is mixed. There is one group of countries with a highly diversified export basket … diversify. -- Asia ; China ; global crisis ; open forest …
Persistent link: https://www.econbiz.de/10008657965
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Understanding financialization : standing on the shoulders of Minsky
Whalen, Charles Joseph - 2017
world of theory. Part V concludes by providing a short recap, acknowledging formidable challenges facing scholars with a …
Persistent link: https://www.econbiz.de/10011695553
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The Minskyan system
Tymoigne, Éric (contributor) - 2006
Persistent link: https://www.econbiz.de/10003720684
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Dynamics of the Minskyan analysis and the financial fragility hypothesis
Tymoigne, Éric (contributor) - 2006
This is the second part of a three-part analysis of the Minskyan framework. It studies in detail the dynamics at the root of the endogenous financial weakening of capitalist economic systems. This part combines the properties presented in part I with other important concepts, such as the paradox...
Persistent link: https://www.econbiz.de/10003720694
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The missing macro link
Caverzasi, Eugenio - 2013
This paper addresses the critique of the aggregational problem attached to the financial instability hypothesis of Hyman Minsky. The core of this critique is based on the Kaleckian analytical framework and, in very broad terms, states that the expenditure of firms for investment is at the same...
Persistent link: https://www.econbiz.de/10009703668