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Lessons of the Financial Crisis for the Design of the New International Financial Architecture
Financial Crisis International Financial Architecture
2015/8/3
Thank you for inviting me to give this keynote address. In my remarks at the
policy panel earlier today (“The 2002 Uruguayan Financial Crisis Five Years Later”) I
spoke about the details of the Urug...
Thank you for inviting me to Montevideo today. It is a pleasure to be here to
participate in this five-year anniversary of the resolution of the financial crisis of 2002,
and the remarkable recovery...
Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-9
Financial Frictions Parsing the Evidence Financial Crisis 2007-9
2014/3/18
The financial crisis of 2007-9 has sparked keen interest in models of financial frictions and their impact on macro activity. Most models share the feature that borrowers suffer a co...
We provide direct evidence of market manipulation at the beginning of the nancial crisis in November 2007. The type of market manipulation, a \bear raid," would have been prevented by a regulation th...
The financial crisis and the well-being of Americans
The financial crisis well-being of Americans
2014/3/17
I use daily data on self-reported well-being (SWB) to examine how the Great Recession affected the emotional and evaluative lives of the population. In the fall of 2008 and lasting into the spring of ...