scholarly journals The Real Effects of Disrupted Credit: Evidence from the Global Financial Crisis

2018 ◽  
Vol 2018 (2) ◽  
pp. 251-342 ◽  
Author(s):  
Ben S. Bernanke
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
The Real ◽  
Real Effects ◽  
The Global Financial Crisis

scholarly journals Ocena zdolności do kontynuowania działalności polskich spółek giełdowych w czasie kryzysu za pomocą modeli wielowymiarowej analizy dyskryminacyjnej

2017 ◽  
pp. 21-62
Author(s):  
Paweł Kopczyński
Keyword(s):  
Financial Crisis ◽  
Stock Markets ◽  
Global Financial Crisis ◽  
Investment Decisions ◽  
Listed Companies ◽  
Multiple Discriminant Analysis ◽  
Financial Situation ◽  
The Real ◽  
Share Prices ◽  
The Global Financial Crisis

Ocena zdolności do kontynuowania działalności polskich spółek giełdowych w czasie kryzysu za pomocą modeli wielowymiarowej analizy dyskryminacyjnej The Global Financial Crisis, which began in 2007, had a huge influence on the situation on world stock markets. The behavior of investors is often affected by various factors which can impact their investment decisions. As they do not always act rationally, have a tendency to overreact and cannot remove all emo-tional components from their decision-making process, it may be difficult to explain their behavior and investment decisions during the crisis, especially those concerning the sale of shares. The huge drop in share prices on world stock markets was visible in the early stages of the crisis, but it probably was not justified by actual deterioration of the financial situation of listed companies. The Global Financial Crisis triggered a wave of panic selling of shares on the Warsaw Stock Exchange (WSE). As the fluctuations in share prices do not always reflect the real economic situation of the companies, it is worth to examine whether the financial standing of companies listed on WSE actually deteriorated and whether the number of companies facing bankruptcy grew during the 2007 Crisis. The main purpose of this article is to evalu-ate the influence of the recent financial crisis on the financial situation and performance of Polish listed companies. Eight multiple discriminant analysis models were utilized to evaluate the real changes in the financial situation of Polish listed companies during the crisis (years 2006-2011). The aforementioned models enable prediction of corporate bankruptcy and measurement of financial health of companies. Theoretically, the number of companies facing bankruptcy should increase in time of crisis. As many as 175 joint-stock companies listed on the regulated market of the WSE were covered by the study. Their financial data were extracted from the Notoria Serwis database, which is available on the University of Lodz Library’s website.

scholarly journals BANKRUPTCY THREATS FOR RUSSIAN ORGANIZATIONS AMID THE GLOBAL FINANCIAL CRISIS

2010 ◽  
pp. 60-65
Author(s):  
S. E. Kovan
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
Global Financial Crisis ◽  
The State ◽  
Important Task ◽  
Real Economy ◽  
The Real ◽  
State Management ◽  
The Global Financial Crisis

The global financial and economic crisis significantly affected enterprises of the real economy sector. According to some estimates, in 2009 about 40% of unprofitable Russian businesses of this economy sector were bankrupt. An important task for the state management is preventing mass bankrupts and non-payments crisis. Some measures to reduce bankrupt risks for enterprises of the real economy sector have been suggested in order to save business and increase its efficiency.

The Real Crisis: Not Work Incentives but Runaway Credit

2019 ◽  
pp. 220-229
Author(s):  
Avner Offer ◽  
Gabriel Söderberg
Keyword(s):  
Financial Crisis ◽  
Welfare State ◽  
Financial Liberalization ◽  
Global Financial Crisis ◽  
Work Incentives ◽  
Social Democratic ◽  
The Real ◽  
The Social ◽  
The Global Financial Crisis ◽  
Real Action

This chapter shows that, while economists were fretting over incentives, the real action was taking place unremarked under their noses. When the major crash that Lindbeck predicted finally occurred, it had nothing to do with work incentives or the welfare state. Like the global financial crisis of 2007–2008, of which it might be considered a precursor, the Swedish (and indeed, the wider Nordic) crash originated in finance. Sweden (with the rest of Scandinavia) resisted the lure of financial liberalization until the mid-1980s, and when it succumbed, punishment came quickly. A severe financial crisis in the early 1990s was almost entirely the result of this liberalization, which also became the opportunity for a modest application of the ‘incentives’ agenda, leaving, however, much of the Social Democratic welfare state intact.

scholarly journals Domestic and Foreign Transmission of the Global Financial Crisis in the Real Economy. The Polish Situation

2021 ◽  
Vol 13 (1) ◽  
pp. 47-60
Author(s):  
Elena Valentina Tilica ◽  
Keyword(s):  
Financial Crisis ◽  
Food Industry ◽  
Oil And Gas ◽  
Global Financial Crisis ◽  
Real Economy ◽  
Economic Sectors ◽  
The Real ◽  
The Global Financial Crisis ◽  
Contagion Process

This paper studies the contagion process of the 2008 Global Financial Crisis through several important Polish economic sectors: chemical, construction, food, IT, media, oil & gas and telecommunication. The results show a signiÖcant di§erence between the response of these sectors to the crisis. Chemical, construction, media and oil and gas were a§ected, in di§erent degrees, by a domestic Önancial contagion. The food industry was ináuenced in a negligible degree by contagion, while the IT and telecommunication sectors showed a decrease of their co-movements with the Önancial sector, both foreign and domestic.

scholarly journals Impact of Advancement in Technology, False Conclusion of Real Estate Bubble, Record Low Mortgage Delinquency, Irresponsible Media, U.S. Economic Policy Disaster: Evidence Supporting Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008

2020 ◽  
Vol 13 (7) ◽  
pp. 224
Author(s):  
Eddison T. Walters
Keyword(s):  
United States ◽  
Financial Crisis ◽  
Real Estate ◽  
Global Financial Crisis ◽  
The United States ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Bubble ◽  
False Conclusion ◽  
The Global Financial Crisis

Data analysis in recent studies by the current researcher presented evidence suggesting the existence of a real estate bubble preceding the Global Financial Crisis of 2007 and 2008 was a false conclusion. Data analysis from Walters (2019) resulted in 194.041 Mean Dependent Variable, 0.989 Adjusted R-square, 5.908 Square Error of Regression, and 488.726 Sum-of-Square Residual, from nonlinear regression analysis with the independent variable of “advancement in technology”, which proved to be the most significant factor causing the dependent variable of “home purchase price” to increase preceding the Global Financial Crisis of 2007 and 2008. Based on the findings of data analysis in Walters (2019), the researcher concluded the data confirmed the assertion agreed upon by Alan Greenspan and Ben Bernanke, it was impossible to have a real estate bubble, while citing the Efficient Market Hypothesis in 2005. Subsequent to 2005, alternative attempts to explain the existence of a real estate bubble were made by both former Chairmen of the Federal Reserve Board. Subprime lending and low interest rates were ruled out as the cause of the Global Financial Crisis of 2007 and 2008 in Walters (2019). As a result of the findings from Walters (2019), further investigation to gain an understanding of the impact of how the rapid adaption of advancement in technology influence on the rapid increase in home purchase price preceding the Global Financial Crisis of 2007 and 2008 is required. The purpose of this study is to gain an understanding of the role the rapid adaption of advancement in technology played in the mortgage industry and real estate industry in the United States, and the influence on to the rapid increase in home purchase prices preceding the Global Financial Crisis of 2007 and 2008 as a result of the changes. Insight into the rapid transformation of the mortgage industry and the real estate industry in the United States, and the role the transformation played in the crisis is a critical factor to understanding the impact of advancement in technology on the real estate market in the United States preceding the Global Financial Crisis of 2007 and 2008. Failure to consider the impact of rapid adaption of advancement in technology on the mortgage industry and real estate industry, and the transformation of the real estate market preceding the Global Financial Crisis 2007 and 2008, was a significant error which led to the false conclusion of the existence of a real estate bubble. An understanding of how the rapid transformation of the real estate market as a result of advancement in technology in the United States preceding the Global Financial Crisis of 2007 and 2008, will provide the critical knowledge to evaluate mistakes leading to the false conclusion of a real estate bubble preceding the crisis. The information gained from the current study will help avoid a future financial crisis of the same magnitude.

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