scholarly journals The Effects of Regional Banks on Economic Resilience during the COVID-19 Pandemic and the Global Financial Crisis A Cross-Country Comparison of the European Countries

2021 ◽  
Author(s):  
Franz Flögel ◽  
Tereza Hejnová
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
European Countries ◽  
Economic Resilience ◽  
Country Comparison ◽  
Cross Country ◽  
The Global Financial Crisis ◽  
Regional Banks

scholarly journals UNDERSTANDING REGIONAL ECONOMIC PERFORMANCE AND RESILIENCE IN THE UK: TRENDS SINCE THE GLOBAL FINANCIAL CRISIS

2020 ◽  
Vol 253 ◽  
pp. R18-R28
Author(s):  
Marianne Sensier ◽  
Fiona Devine
Keyword(s):  
Financial Crisis ◽  
Business Cycle ◽  
Global Financial Crisis ◽  
Peak Level ◽  
Economic Resilience ◽  
Employment Level ◽  
The Business Cycle ◽  
Regional Economic Performance ◽  
The Global Financial Crisis ◽  
The Uk

We investigate economic resilience of UK regions before, during and after the 2007/8 global financial crisis. We date business cycle turning points in real output, employment and productivity to assess the resilience dimensions of resistance, recovery and renewal and rank the economic resilience of regions in a resilience scorecard. Our empirical results reveal that the business cycle in productivity has not returned to its pre-recession peak level for Yorkshire and the Humber and the employment level has not recovered in Scotland. The resilience scorecard ranks the South East as the most resilient region with Northern Ireland the least resilient.

scholarly journals The Global Financial Crisis: Explaining Cross-Country Differences in the Output Impact

2009 ◽  
Vol 09 (280) ◽  
pp. 1 ◽  
Author(s):  
Gaston Gelos ◽  
Robert Rennhack ◽  
James P Walsh ◽  
Pelin Berkmen ◽  
◽  
...  
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Country Differences ◽  
Cross Country ◽  
The Global Financial Crisis

scholarly journals Economic Resilience: What Role for Policies?

2016 ◽  
Vol 07 (02) ◽  
pp. 1650009 ◽  
Author(s):  
Aida Caldera Sánchez ◽  
Morten Rasmussen ◽  
Oliver Röhn
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Economic Resilience ◽  
Trade Offs ◽  
Shock Impact ◽  
The Global Financial Crisis ◽  
The Impact

The global financial crisis highlighted the importance of strengthening the resilience of our economies to adverse shocks. In this paper, we take stock of studies carried out primarily within, but also outside the OECD, to better understand the role of macroeconomic and structural policies in spurring or mitigating the vulnerabilities that can lead to costly shocks, as well as the role of policies in mitigating the shock impact and speeding the recovery. Then we offer tentative insights on how policies can be geared to address vulnerabilities early on, mitigate the impact of shocks and speed recoveries, as well as highlight possible trade-offs that exist across policy areas.

Determinants of the global financial crisis recovery: an empirical assessment

2017 ◽  
Vol 44 (1) ◽  
pp. 36-46 ◽  
Author(s):  
Minh Quang Dao
Keyword(s):  
Financial Crisis ◽  
Financial Liberalization ◽  
Global Financial Crisis ◽  
Emerging Market ◽  
Gdp Growth ◽  
Content Type ◽  
Financial Depth ◽  
Crisis Recovery ◽  
Cross Country ◽  
The Global Financial Crisis

Purpose The purpose of this paper is to empirically assess the effect of the factors contributing to the recovery from this crisis in terms of national GDP growth among the G7, Asian7, and Latin American7 countries. Design/methodology/approach The author uses a multivariate regression analysis of the determinants of the global financial crisis recovery. Findings Based on data from 21 developed and developing emerging market economies the author found that good macroeconomic fundamentals together with more open financial policy, financial liberalization, financial depth, domestic performance, and favored global conditions do linearly influence national GDP growth. Over 85 percent of cross-country variations in GDP growth during the recovery phase of the global financial crisis can be explained by its linear dependency on pre-crisis national GDP growth, financial liberalization, financial depth, domestic performance, as well as interaction terms between various explanatory variables. Cross-country differences in national GDP growth also linearly depend on macroprudence and on favorable global conditions. Originality/value Results of such empirical examination may enable governments in developing countries devise resilience strategies that may serve as powerful tools for dealing with future global financial crises.

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