What Caused the Global Financial Crisis is popular PDF and ePub book, written by Erlend Nier in 2010-11-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, What Caused the Global Financial Crisis can be Read Online from any device for your convenience.
What Caused the Global Financial Crisis Book PDF Summary
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 Book of What Caused the Global Financial Crisis PDF
- Author : Erlend Nier
- Release : 01 November 2010
- Publisher : International Monetary Fund
- ISBN : 9781455210725
- Genre : Business & Economics
- Total Page : 64 pages
- Language : English
- PDF File Size : 19,6 Mb
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