The ‘fear factor’: Personal experience and risk aversion in times of crisis

Peter Koudijs, Hans-Joachim Voth, 12 April 2014

a

A

To paraphrase Larry Summers, some people are scared – just look around. The crisis of 2007–08 took a toll on a lot of people, investors included. What seemed to be a new age of steady, moderately high growth and stable equity returns suddenly turned into the biggest economic crisis since the 1930s:

Topics: Economic history, Financial markets
Tags: behaviour, crisis, financial markets, lending, risk aversion

Rational learning about rare-disaster frequencies: A persistent source of asset-price overreaction

Volker Wieland, Christos Koulovatianos, 1 November 2011

a

A

Investors want to understand how asset markets work. Their perceptions of the mechanism determining asset prices are essentially forecasting models with unknown parameters. If they could have full confidence in the model’s parameters such as in a casino where unknowns have known probabilities, investment strategies and asset prices would reflect rational expectations.

Topics: Financial markets
Tags: crisis, rational expectations, stock market volatility

Financial Protectionism: the First Tests

Andrew K Rose, Tomasz Wieladek, 23 May 2011

Vox users can download CEPR Discussion Paper 8404 for free here.

Journalists are entitled to free DP downloads on request; please contact pressoffice@cepr.org. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

URL: www.cepr.org/DP8404
Topics: Global crisis, International finance
Tags: bank, crisis, domestic, empirical, foreign, loan, nationalisation, panel and privatization

A Decade of Debt

Carmen M Reinhart, Kenneth Rogoff, 28 March 2011

Vox users can download CEPR Discussion Paper 8310 for free here.

Journalists are entitled to free DP downloads on request; please contact pressoffice@cepr.org. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

URL: www.cepr.org/DP8310
Topics: Macroeconomic policy
Tags: crisis, debt, default, financial repression, growth

Will Stabilisation Limit Protectionism? The 4th GTA Report

Simon J Evenett, 18 February 2010

Download the report from the Global Trade Alert website here.

URL: http://globaltradealert.org/gta-analysis/will-stabilisation-limit-protectionism-4th-gta-report?top-ad
Topics: Global crisis, International trade
Tags: crisis, GTA, protectionism, trade

Greece: The party is over

Charles Wyplosz, 14 December 2009

a

A

The near-run on the Greek public debt is wholly unjustified. The Greek government has no incentive to default, and no need to do so as long as financial markets do not panic. On the other hand, governments have indulged in blatant fiscal indiscipline for more than three decades.

Topics: Europe's nations and regions
Tags: crisis, default, Greece, US current account deficit

Trade finance in crisis

Jean-Pierre Chauffour, Thomas Farole, 5 September 2009

a

A

By providing liquidity and security to facilitate the movement of goods and services, trade finance lies at the heart of the global trading system.

Topics: International trade
Tags: crisis, Trade finance

Dumping Russia in 1998 and Lehman ten years later: Triple time-inconsistency episodes

Guillermo Calvo, 31 August 2009

a

A

In the last decade we have witnessed two major systemic financial crises, namely, the 1998 Russian crisis and the current crisis, the latter initially associated with the subprime mortgage market (henceforth, subprime crisis). A critical event in the subprime crisis was the Lehman Brothers’ episode in September 2008.

Topics: Macroeconomic policy
Tags: crisis, time inconsistency, time-inconsistent plans

Should we rush to further regulate financial institutions?

Guillermo Calvo, Rudy Loo-Kung, 29 June 2009

a

A

 

Topics: Financial markets
Tags: crisis, emerging markets, financial market, financial regulation, growth, lender of last resort

The global financial crisis: A wake-up call for trade finance capacity building in emerging Asia

Wei Liu, Yann Duval, 19 June 2009

a

A

The current financial crisis has provided a useful reminder of how essential trade finance is to international trade.

Topics: International trade
Tags: crisis, emerging Asia, Trade finance

Vox eBooks