It’s an exaggeration, but not much. The price of gasoline was already rising before Russia invaded Ukraine on February 24, and it has risen every day since then. As the single most important measure of inflation that most Americans see on a regular basis, this daily increase is a bigRead More →
Global stocks staged a fierce rebound from the war-induced rout, with European stocks recording the biggest rally since the pandemic low in March 2020 and US stocks surging the most intraday since November this year. Oil sank more than 10% and Treasuries fell. Bearish buyers propelled the S&P 500 upRead More →
Get the Insider app A personalized feed, digest mode, and ad-free experience. Download the app close icon Two crossed lines that form an ‘X’. It indicates a way to close an interaction or dismiss a notification. RBC analysts say these 21 small businesses should experience strong and sustained growth. InvestorsRead More →
If you’re wondering how to pick stocks, chances are you already know that. The question is not How? ‘Or’ What to choose stocks. The question is or look for stocks. Sometimes the market can be confusing. You can keep it simple by sticking to the stocks of companies you’re familiarRead More →
Greece recorded a positive investment record last year, with figures from Eurostat and the Hellenic Statistical Authority (ELSTAT) matching European Commission estimates of an economic growth rate of 8, 5% last year in Greece, the second highest in the eurozone. The data shows that the increase in investment in theRead More →
NEW YORK (AP) — The stock market is losing crucial support from the Federal Reserve. Omicron is wreaking havoc in businesses around the world. And Russia may well be preparing to invade Ukraine, creating more uncertainty and raising the prospect of even higher oil prices. No wonder investors are panickingRead More →
VIZIANAGARAM: Financial difficulties (distress) and health problems are the main reasons for the increase in the number of suicides and suicide attempts in the Vizianagaram district. More than 600 people have died by suicide in various ways (hanging, using pesticides, jumping into bodies of water and others) in the districtRead More →
(Stock) A Cincinnati agency can now add owner to their title. The Port of Greater Cincinnati Development Authority agreed last month to pay $14.5 million for 195 homes in Cincinnati and surrounding Hamilton County, in an effort to thwart investors and keep tenants in their homes, according to the WallRead More →
The United States Treasury Department announced on Friday (January 21st) that it would impose sanctions on three Lebanese individuals and ten Lebanese companies, based on accusations that they had contributed to the financing of terrorism on behalf of the Iranian regime. The new sanctions reflect long-standing recognition of the outsizedRead More →
Are financial crises more frequent? It was nearly four decades between the crash of 1929 and the bear market of 1968. Fast forward to 21st century — only 20 years have passed between three financial crises: the dot-com crash of 2001, the global financial crisis of 2008 and in 2020,Read More →
What role do market expectations play in financial crises? How are expectations formed and how do they evolve? Finding answers to these questions could help countries better cope with crises in the future. Some researchers have said that media coverage intensified and exacerbated risk contagion during the 1998 Asian financialRead More →
Historical crises are consummate teachers, and this is especially true in the financial sector, where failures are too often duplicated with often devastating consequences. international banker has compiled a series of articles focusing on many of the most impactful financial calamities, frauds and scandals of the 20and and 21st centuries,Read More →
The steep price rises and falls typical of Bitcoin can scare off newcomers to the crypto industry. However, anyone who has been following BTC for a relatively long time has become accustomed to these fluctuations – you are unlikely to fear a drop from $60,000 to $30,000,000 if you haveRead More →
NEW DELHI: In economics, there is a widely held idea that with every boom, the seeds of future recessions are sown. We are not yet out of the raging pandemic that has upended the financial calculus of almost every country, and some analysts have started sounding the sirens of theRead More →
Often, finance and physics are seen as mutually exclusive fields, with little or no correlation. However, if you take a closer look, you can see the stark similarities between them. For each of them, I will try to address some of the material issues that have generated significant interest inRead More →
Financial crises are never quite the same. By the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending in a taxpayer bailout — in 2021 terms — of about $265 billion. In 1997-1998, the financial crises in Asia and Russia led to the near collapseRead More →
Summary Focus Financial crises wreak economic, social and political havoc. They impose significant fiscal costs, increase public debt and disrupt our societies. Designing and implementing policies that reduce the risks of a crisis occurring – as well as its costs – requires that the build-up of risks in the economyRead More →
In his memoirs of the 2008 financial crisis, former US Treasury Secretary Timothy Geithner wrote that such crises are like “earthquakes” – they “cannot be reliably predicted, so they cannot be prevented from reliably”. Former Federal Reserve Chairman Ben Bernanke ’75 seemed to share this view when he said duringRead More →
Financial crises are an endemic feature of market economies. The negative effects of these crises on national economies have generally been severe, leading to bank collapses, recessions and marked increases in the level of public debt (Reinhart and Rogoff, 2009). Invariably, this leads to governments intervening in one way orRead More →
How “Stablecoins” Could Trigger Chaos October 07, 2021 Dollar pegged cryptocurrencies are proliferating rapidly. But without regulation, these so-called stablecoins pose serious risks to the US financial system, argue Gary B. Gorton of Yale SOM and his co-author. Should governments print money to survive the pandemic? March 22, 2021 CentralRead More →
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The recession caused by the COVID-19 pandemic was a stark change from the economic stability of the past decade. Yet many financial companies continue to find ways to connect with customers and meet their needs. In one recent webinar with the Financial Communications Society, Jaime Kalfus, Head of Global BrandRead More →
The current health crisis, with its long-term repercussions on the political structure of countries, offers new avenues for researchers to understand how political systems interact with financial players. The topic was recently discussed at the inaugural London Workshop on Political Finance (POLFIN), which reached an international audience of over 200Read More →
President and Owner at McKay Advertising + ActivationFlorida’s premier digital media agency Getty The immediate response of comparing this financial crisis of 2020 to the financial crisis of 2008 is a natural reaction. Human psychology shows our need to develop a baseline of what we have experienced. Some of theRead More →
Focus Growth and productivity are consistently weak following financial crises. This article examines how financial crises affect innovation. Patents are an important measure of the type of innovative activity that can lead to productivity gains. We study patent data from a large sample of countries and financial crises and examineRead More →
WikiImages /Pixabay The recent turmoil in global stock markets amid the coronavirus outbreak has left investors panicked and worried. The S&P 500 index has fallen more than 12% in the past two weeks. It’s nothing compared to what we (and our ancestors) have seen in the past. Here we examineRead More →
By Roberta Kwok The financial crisis of 2007-2008 took economists by surprise. Prior to this, the United States had not experienced a major crisis since the Great Depression. “There was this rash assumption that we wouldn’t have one,” says Gary Gorton, finance professor in the Frederick Frank Class of 1954Read More →
Two business professors have come up with an ingenious way to measure the likelihood of a financial crisis by looking at an entire economy as if it were a failing bank. Their analysis is based on RISK (pdf) an analytical tool designed to assess the strength of financial institutions duringRead More →
Credit: public domain CC0 Greater uncertainty in financial markets has a direct impact on people’s life satisfaction. Although this statement may seem obvious, it has now been scientifically proven in an empirical analysis of recent developments in the crisis in European countries. The study was led by Assistant Professor LenaRead More →
Financial crises play a key role in changing existing policies regarding markets and financial institutions. Orkun Saka, Nauro Campos, Paul De Grauwe, Yuemei Ji and Angelo Martelli provide further evidence of the negative impact of financial crises on the process of financial liberalisation. They also show that these interventions areRead More →
The people hardest hit by a financial crisis are often those unrelated to its cause: millions of hard-working, pay-to-pay Americans. If we understand financial crises better, I hope we can completely avoid or reduce the damage they cause – damage that persisted for years after the 2008 crisis that profoundlyRead More →
We learned this month that the US Federal Reserve decided not to raise the countercyclical capital buffer required of banks above its current level of zero, even as the US economy is at a cyclical peak. It also removed “qualitative” ratings from its stress tests for US banks, but notRead More →
ABSTRACT In OECD countries, over the period 1980-2017, countries with lower debt-to-GDP ratios responded to financial difficulties with much more expansionary fiscal policy and suffered much less severe consequences. Two lines of evidence suggest that the relationship between debt ratio and policy response is determined in part by sovereign marketRead More →
According to the United States Commission of Inquiry into the Financial Crisis, the main causes of the 2007-2009 financial crisis were failures in corporate governance and policies, including widespread failures in financial regulation and supervision, lack of transparency, poor government preparedness, and systemic failure of accountability. The Commission concluded thatRead More →
Financial crises are happening more frequently, becoming almost an inescapable part of modern life, according to research by Deutsche Bank. While meltdowns remain difficult to predict in advance, the next panic is almost certainly brewing, and it could well be driven by the world’s major central banks. The German bank’sRead More →
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The 21st century has proven economically as tumultuous as the previous two centuries. This period saw multiple financial crises hit nations, regions and, in the case of the Great Recession, the entire global economy. All financial crises share certain characteristics, but each tells its own unique story with its ownRead More →
According to a set of German economists, a series of surprising political victories for those who adopt right-wing policies can partly be understood as a reaction to the recent financial crisis. “The data shows us that’s the trend – voters are going more to the right than to the leftRead More →
Adam Smith wrote of the “invisible hand”, whereby the pursuit of the self-interest of individuals in free and competitive markets advances the interest of society as a whole. And Smith was right: free markets have generated unprecedented prosperity for individuals and societies. But, because we can be manipulated or trickedRead More →