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From Health Crisis to Financial Distress
I discuss the multifaceted economic and financial vulnerabilities that have been created or exacerbated by the COVID-19 pandemic on a foundation of...
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The determinants of social expenditures in OECD countries
Many theories have been proposed to explain why social expenditures have increased in industrialized countries. The determinants include...
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Structural time series models and synthetic controls—assessing the impact of the euro adoption
So far, empirical research on an ex-post benchmark of the euro adoption has relied on the synthetic control method by Abadie & Gardeazabal (Am Econ...
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The Challenge of Youth Employment: New Findings and Approaches
The challenge of youth employment is not new. Even in good economic times, young people experience unemployment rates that are 3–4 times higher than...
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Deflationary Tendencies After the 2008 Financial Crisis, the Covid-19 Pandemic and Stagflation After the Energy Shock
The explanations given so far may give the impression that only inflationary processes can develop into system-threatening crises. However, this...
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Measuring stock market integration during the Gold Standard
This paper uses a broad geographical sample of economies to study stock market integration during the classical Gold Standard. It is novel in...
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Reforming Under Pressure: The Evolution of Eurozone’s Fiscal Governance During a Decade of Crises
The fiscal governance of the European Economic and Monetary Union (EMU) was the result of a political compromise. This led to an imbalanced and...
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Economic forecasting in a pandemic: some evidence from Singapore
This paper aims to investigate whether the predictive performance and behaviour of professional forecasters are different during the COVID-19...
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Early Warning Systems for Currency Crises with Real-Time Data
This paper investigates the performance of early warning systems for currency crises in real-time, using forecasts of indicators that are available...
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Regulating Public Utilities Within a Crisis Situation in Africa
The world has recently been hit by some major crises that have forced leaders to review certain decisions taken for the good of their population and...
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Depression and grief as a result of economic and financial crises: the example of Greece and some generalizations
Macroeconomic changes such as economic depression and stock market crashes can have an impact on private life, mood and attitudes toward individuals...
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Financial Crises and Bank Capital
Initiatives to promote increased financial regulation after the 2008 global meltdown muddied related symptoms, including the surge in bank loans to...
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Introduction: The Conversion of the Mediterranean into a World Centre, Its Crises and the Formation of the Late Mediaeval Commercial Empires
Since prehistory, men and innovationsinnovations had flowed from East to West for centuries along the Mediterranean and had transformed its economies...
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Income inequality and financial crises: evidence from the bootstrap rolling window
This study aims to investigate the validity of the Rajan hypothesis, which argues that increasing income inequality plays a key role in the outbreak...
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The Violence of Money (Excerpt): Monetary Crises
In kee** with the dual nature of the monetary relationship, crises may take on two polar-opposite forms: the resurgence of either centralising or...
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Psychological Mechanisms of Economic Optimism amid the Crisis
Abstract—The article analyzes the impact of economic crises on the psychological well-being of individuals, as well as the role played by indicators...
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Correlates of Crisis Induced Credit Market Discipline: The Roles of Democracy, Veto Players, and Government Turnover
Do countries learn from their mistakes? Here we consider one example of this question with respect to banking crises using the concept of effective...
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The Twentieth and Twenty-First Centuries: From the Banking School to the Carry Trade
In the twentieth and twenty-first centuries, the investment flows of capital that the Banking School blamed for financial crises in Victorian times...
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Central Bank’s Balance Sheet Management in Times of Systemic Crises
The central bank’s balance sheet has become the main instrument of monetary policy in the aftermath of the GFC and the COVID-19 health crisis. Hence,...
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Calming the Storms The Carry Trade, the Banking School and British Financial Crises Since 1825
This book exposes, for the first time in modern scholarship, the role that the rise of the Carry Trade played in British financial crises between...