Contagion and the Real Economy during the Global Financial Crisis

2011 ◽  
pp. 219-227 ◽  
Author(s):  
Dirk G. Baur
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Real Economy ◽  
The Real ◽  
The Global Financial Crisis

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.

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 Real Estate Soars and Financial Crises: Recent Stories

2018 ◽  
Vol 10 (12) ◽  
pp. 4559 ◽  
Author(s):  
Hanwool Jang ◽  
Yena Song ◽  
Sungbin Sohn ◽  
Kwangwon Ahn
Keyword(s):  
Financial Crisis ◽  
Real Estate ◽  
Stock Market ◽  
Global Financial Crisis ◽  
Real Estate Market ◽  
Real Economy ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Bubble ◽  
The Global Financial Crisis

This paper studies the contribution of real estate bubble to a financial crisis. First, we document symptoms of a real estate bubble along with a slowdown of the real economy and find indicators of an imminent crash of the stock market, triggering a sense of déjà vu from the 2008 crisis. However, we show that the relationship between real estate and financial markets has changed since the crisis. The empirical analyses provide evidence that the monetary policy has recovered its control over mortgage rates, which had been lost prior to the global financial crisis, and that the real estate market does not have a Granger causality relationship with the stock market any more. Findings suggest that an imminent financial market crash is not likely to be catalyzed by a real estate bubble.

scholarly journals Activity of Microfinance Institutions in the Period of the Global Financial Crisis

Equilibrium ◽  
2013 ◽  
Vol 8 (1) ◽  
pp. 91-105
Author(s):  
Paweł Galiński
Keyword(s):  
Financial Crisis ◽  
Commercial Banks ◽  
Quantitative Data ◽  
Global Financial Crisis ◽  
Regional Distribution ◽  
Real Economy ◽  
Microfinance Institutions ◽  
The Real ◽  
The Global Financial Crisis

The article examines the models of microfinance institutions (MFIs) and some alterations in this field. The regional distribution of MFIs has been shown, as well as their main ties with the real economy against a background of commercial banks. The study also provide some findings on the influence of the financial crisis, which erupted in the late 2007, on the microfinance sector. Therefore, the author analyzed the literature and quantitative data in order to determine these relationships.

On the formation of a New Paradigm of fiscal Policy

2013 ◽  
pp. 152-158 ◽  
Author(s):  
V. Senchagov
Keyword(s):  
Public Finance ◽  
Fiscal Policy ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Domestic Demand ◽  
Real Economy ◽  
New Paradigm ◽  
Monetary Aggregate ◽  
The Past ◽  
The Global Financial Crisis

Due to Russia’s exit from the global financial crisis, the fiscal policy of withdrawing windfall spending has exhausted its potential. It is important to refocus public finance to the real economy and the expansion of domestic demand. For this goal there is sufficient, but not realized financial potential. The increase in fiscal spending in these areas is unlikely to lead to higher inflation, given its actual trend in the past decade relative to M2 monetary aggregate, but will directly affect the investment component of many underdeveloped sectors, as well as the volume of domestic production and consumer demand.

Global Financial Crisis and Its Impact on Russia

2009 ◽  
pp. 9-27 ◽  
Author(s):  
A. Kudrin
Keyword(s):  
Monetary Policy ◽  
Fiscal Policy ◽  
Financial Crisis ◽  
Central Bank ◽  
Global Financial Crisis ◽  
Developed Countries ◽  
Real Economy ◽  
Energy Prices ◽  
Russian Government ◽  
The Real

The article examines the causes of origin and manifestation of the current global financial crisis and the policies adopted in developed countries in 2007—2008 to deal with it. It considers the effects of the financial crisis on Russia’s economy and monetary policy of the Central Bank in the current conditions as well as the main guidelines for the fiscal policy under different energy prices. The measures for fighting the crisis that the Russian government and the Central Bank use to support the real economy are described.

scholarly journals Contagion effects of the global financial crisis in us and European real economy sectors

2014 ◽  
Vol 61 (3) ◽  
pp. 275-288 ◽  
Author(s):  
Dimitris Kenourgios ◽  
Dimitrios Dimitriou
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
Global Financial Crisis ◽  
Regional Analysis ◽  
Real Economy ◽  
Policy Makers ◽  
Contagion Effects ◽  
Market Contagion ◽  
Show Evidence ◽  
The Global Financial Crisis

This paper empirically investigates the contagion effects of the Global Financial Crisis (2007-2009) from the financial sector to the real economy by examining nine sectors of US and developed European region. We provide a regional analysis by testing stock market contagion on the aggregate level and the sector level, on the global level and the domestic/regional level. Results show evidence of global contagion in US and developed European aggregate stock market indices and all US sector indices, implying the limited benefits of portfolio diversification. On the other hand, most of the European regional sectors seem to be immune to the adverse effects of the crisis. Finally, all non-financial sectors of both geographical areas seem to be unaffected by their domestic financial systems. These findings have important implications for policy makers, investors and international organizations.

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.

Impact of Financial Crisis on Credit Risk: Pre- and Post-financial Crises 
in an Emerging Economy

2020 ◽  
Vol 9 (2) ◽  
pp. 118-132
Author(s):  
Syed Moudud-Ul-Huq ◽  
Rabaka Akter ◽  
Tanmay Biswas
Keyword(s):  
Risk Management ◽  
Financial Crisis ◽  
Credit Risk ◽  
Commercial Banks ◽  
Global Financial Crisis ◽  
Banking System ◽  
Commercial Banking ◽  
Real Economy ◽  
Credit Risk Management ◽  
The Global Financial Crisis

This aim of the article is to establish a model to discuss the reasons for changing the level of credit risk among the commercial banks of Bangladesh during the global financial crisis (GFC). Credit risk has been remaining as the essential and core risk in commercial banking activities. Multiple regression analysis is used to test the relationship among the level of credit risk as a dependent variable and financial crisis, other bank-level variables and macroeconomic variables. The causes of the GFC revealed not only systematic or structural imbalances but also the necessity to keep and strengthen the principles of credit risk management. We analyse the leading causes of the recent GFC. Moreover, the lessons that must be learnt from the weaknesses of credit risk management systems. Credit risk was found to respond to macroeconomic conditions, which indicate strong feedback effects from the banking system to the real economy. This article represents the analysis of the influence of the financial crisis on credit risk management in commercial banks and summarizes the challenges faced by banks for credit risk improvement. We hope that this reality creates new opportunities for managing credit risk in the future to increase this importance in the banks and the overall economy of Bangladesh.

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