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The First Global Financial Crisis of the 21st Century: Part II: June – December, 2008
- Introduction: The First Global Financial Crisis of the 21st Century Part II: June – December, 2008
- Iceland: The future is in the EU
- Iceland faces the music
- The fallout from the global credit crisis: Contagion - emerging markets under stress
- From capital flow bonanza to financial crash
- Rapid and large liquidity funding for emerging markets
- Stock market wealth effects in emerging market countries
- The political economy of debt relief
- India’s credit crunch conundrum
- The folly of the central banks of Europe
- Crisis management tools for the euro-area
- A proposal on financial regulation in Europe for the next European Council
- The European response to the crisis: Not quite there yet
- Finance, market, globalisation: a plot against mankind?
- Can Europe take care of its own financial crisis?
- The financial crisis may hasten European integration but slow global banking
- A call for a European Financial Stability Fund
- Governance of banks
- Finance, redistribution, globalisation
- What Next for the Dollar? The Role of Foreigners
- Is the US too big to fail?
- Can the IMF save the world?
- The financial meltdown is an academic crisis too
- European securitisation and the possible revival of financial innovation
- The price of transparency
- The Panglossian World of Finance
- What can be learned from the banking crisis
- Do reputational concerns lead to reliable ratings?
- The Financial Economists Roundtable’s statement on reforming the role of SROs in the securitisation process
- Liquidity risk and the current crisis
- How risk sensitivity led to the greatest financial crisis of modern times
- Transmission of liquidity shocks: Evidence from the 2007 subprime crisis
- The lender of last resort of the 21st century
- Reason with the messenger; don’t shoot him: value accounting, risk management and financial system resilience
- Escaping from a Combined Liquidity Trap and Credit Crunch
- Complexity kills
- Will the credit crunch lead to recession?
- The credit crunch may cause another great depression
- The procyclical effects of Basel II
- Central banks’ function to maintain financial stability: An uncompleted task
- Let banks be banks, let investors be investors
- Stormy Weather in the Credit Default Swap Market
- Why does the spread between LIBOR and expected future policy rates persist, and should central banks do something about it?
- Anatomy of the financial crisis
- The subprime turmoil: What’s old, what’s new, and what’s next
- An international perspective on the US bailout
- The effectiveness of fiscal policy depends on the financing and monetary policy mix
- Fiscal policy and the credit crunch: What will work?
- Episode V: Expectations strike back
- Germany needs high wage settlements and a serious fiscal stimulus
- Plan B
- Why Paulson is (maybe) right
- A (mild) defence of TARP
- The right alternative to Paulson’s plan
- The Paulson Plan: A useful first step but nowhere near enough
- From recapitalisation to restructuring and reforms
- Why Paulson is wrong
- A matched preferred stock plan for government assistance
- An emerging consensus against the Paulson Plan: Government should force bank capital up, not just socialise the bad loans
- Banks’ losses and capital: The new version of the paradox of Achilles and the tortoise
- Banks’ losses and capital: The new version of the paradox of Achilles and the tortoise
- TARP2: A totally alternative relief programme
- Involving European citizens in the benefits of the rescue plan: The political paradoxes of bank socialism
- What is a reverse auction?
- ‘No recourse’ and ‘put options’: Estimating the ‘fair value’ of US mortgage assets
- Bringing money markets back to life
- The other part of the bailout: Pricing and evaluating the US and UK loan guarantees
- The beginning of the end game...
- Financial crisis resolution: It’s all about burden-sharing
- Is the euro area facing a credit crunch or a credit squeeze?
- Global financial crisis: How long? How deep?
- The cost of resolving financial crises
- Financial crisis management: Lessons from Japan’s failure
- And now the Great Depression
- Financial markets and a lender of last resort
- Too many bankers?
- The collapse of Iceland’s banks: the predictable end of a non-viable business model
- Not the end of capitalism