[PDF] Top 20 ← Return to Article Details The new international financial crisis: causes, consequences and perspectives

... associating the current international monetary and financial system as new version of the Bretton Woods ...this new era of globalization where the interna- tional ... See full document

... of financial activity an aberration as some historians, taking a moral tone, have suggested? Was it not rather a moral develo- pment? ...reaching the stage of financial expansion, to have in ... See full document

... important to recognize that the US economy would be in much more dire straits if the Fed had not taken the various actions that it adopted, even though these actions have not been sufficient ... See full document

... now to flow through the three newly created policy banks: The State Development Bank (to provide loans for infrastructure and key industrial development), The Agricultural ... See full document

... currency and financial crisis. This paper iden‑ tifies and evaluates determinative common factors of currency and financial crisis in relation to 86 crises episodes ... See full document

... of the financial system and the persistence of imbal- ances that led to the most recent economic crisis are evidence that the most power- ful actors, states or not, ... See full document

... day) and the specter of financial vulnerability means that for the United States the combination of falling internal demand, falling asset prices, and a falling dollar represents ... See full document

... with the debt threshold below the international threshold, as in the Brazilian ...According to the economic litera- ture, the lower the debt threshold is, ... See full document

... like the Caribbe- an countries, have been negatively affected by recent ‘de-risking’ policies implemen- ted by international banks, with particularly damaging consequences on correspon- dent banking ... See full document

... reaches the current equilibrium level; however, it stops at this point, because the Dutch disease is compatible with the current account ...Second, and subsequently, capital inflows continue ... See full document

... erate, and Aracruz, one of the world’s biggest paper and pulp manufacturers, among others have reported heavy losses on currency ...derivatives. The possibility that hundreds of companies may ... See full document

... of the Mexican economy is the exchange rate’s flex- ibility when faced with external ...Colombia and Chile reduced pressure on the exchange rate at the most difficult point of ... See full document

... “since the developing industrial sector will not only have a level of productivity lower than that prevail- ing in traditional primary production sector, it will also have lower productivity than in developed ... See full document

... at the sectoral balance sheets of the spanish economy reveals that fact the non-financial corporate sector rising deficit was at the center of the ...imbalance and, ... See full document

... 2008 crisis took the world by surprise, because politicians, businessmen and economists believed that they had learned with 1930s Great ...Depression. The Keynesian revolution, the ... See full document

... high financial cost of carrying large international reserves led some econ- omists to criticize the Brazilian government in 2007-2008, on the grounds that such a policy distorted ... See full document

... After the breakdown of the Smithsonian Agreement and the introduction of flexible exchange rates, the rise of private capital flows in international markets brought Keynes’s ... See full document

... in the foreign exchange market, buying and selling foreign exchange as circumstances dictated, in order to maintain the level of international reserves, which stood at US$ 48 billion in ... See full document

... since the Great Depression, which was a major source of social learning. In the 1930s Keynes and Kalecki developed new economic theories that better explained how to work economic ... See full document

... from the notion of speculative motive to demand money, where current interest rates depend on ex- pected interest ...rates. the role of expectations in this theory is paramount, as in everything else ... See full document