The financial crisis was much more than the result of an excess of risk. It is essential to understand that the same policies that created each subsequent bust are the same ones that have been implemented in the past years, through Quantitative Easing (QE) to allegedly "solve" t…
The financial crisis was much more than the result of an excess of risk. It is essential to understand that the same policies that created each subsequent bust are the same ones that have been implemented in the past years, through Quantitative Easing (QE) to allegedly "solve" t…
A risk advisor for top financial institutions explains how limitless risky behaviors toppled a 158-year-old institution, using the story to illuminate the interconnection of the global financial system, as well as broader policy implications.
Concepts -- Issues -- Interdependence -- Fiscal policy -- Monetary policy -- Financial stability -- International financial integration and foreign-exchange policy -- Tax policy -- Growth policies
The financial crisis that began in 2007 in the United States swept the world, producing substantial bank failures and forcing unprecedented state aid for the crippled global financial system. Bringing together three leading financial economists to provide an international perspe…
This dissertation consists of three essays examining and analyzing Michigan property assessment practices. The first essay estimates the property assessment expenditure function for Michigan local government (townships and cities) using panel data with 1,310 governmental units f…
La historia del capitalismo moderno ha visto la transformación del pensamiento macroeconómico entrelazada entre el vaivén del comportamiento cíclico que le caracteriza. Las crisis establecen la necesidad de revisar las ideas prevalecientes y la crisis financiera de 2008 no fue l…