Download the fantastic book titled What Caused the Global Financial Crisis written by Erlend Nier, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "What Caused the Global Financial Crisis", which was released on 01 November 2010. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of What Caused the Global Financial Crisis by Erlend Nier PDF
This paper investigates empirically the drivers of financial imbalances ahead of the global financial crisis. Three factors may have contributed to the build-up of financial imbalances: (i) rising global imbalances (capital flows), (ii) monetary policy that might have been too loose, (iii) inadequate supervision and regulation. Panel data regressions are performed for OECD countries from 1999 to 2007, so as to shed light on the relative importance of these factors, as well as the extent to which these factors might have interacted in fuelling the build-up. We find that the build-up of financial imbalances was driven by capital inflows and an associated compression of the spread between long and short rates. The effect of capital inflows on the build-up is amplified where the supervisory and regulatory environment was relatively weak. We find that, by contrast, differences in monetary policy cannot account for differences across countries in the build-up of financial imbalances ahead of the crisis.
Detail About What Caused the Global Financial Crisis PDF
- Author : Erlend Nier
- Publisher : International Monetary Fund
- Genre : Business & Economics
- Total Pages : 64 pages
- ISBN : 1455210722
- Release Date : 01 November 2010
- PDF File Size : 52,9 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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