U.S. Financial Markets Growth and the Real Economy

2013 ◽  
Author(s):  
Claire Y. C. Liang ◽  
David McLean ◽  
Mengxin Zhao
Keyword(s):  
Financial Markets ◽  
Real Economy ◽  
The Real

scholarly journals Financial Markets, the Real Economy, and Self-fulfilling Uncertainties

2018 ◽  
Author(s):  
Jess Benhabib ◽  
Xuewen Liu ◽  
Pengfei Wang
Keyword(s):  
Financial Markets ◽  
Real Economy ◽  
The Real

scholarly journals Does the Financial Integration in ASEAN+3 Respond to Financial Cooperation Agreement and Influence the Real Sectors?

2019 ◽  
Vol 22 (01) ◽  
pp. 1950002
Author(s):  
Md. Saifur Rahman ◽  
Farihana Shahari
Keyword(s):  
Financial Markets ◽  
Policy Implication ◽  
Financial Integration ◽  
Markov Switching ◽  
Positive Influence ◽  
Real Economy ◽  
Cooperation Agreement ◽  
The Real ◽  
Financial Cooperation

This paper aims to investigate the degree of financial integration by employing Markov Switching (MS) technique. It further examines the influence of financial integration on the real sectors by employing GMM approach. The finding indicates following outcomes; (1) the financial markets of ASEAN[Formula: see text]3 economies are weakly integrated during pre-agreement periods; (2) the degree of financial integration improves during post-agreement period in which financial integration has positive influence on the real economy; (3) higher degree of financial integration indicates a positive influence on the real economies. Finally, this study offers policy implication for stabilizing the real economy.

Brazil impeachment battle will do short-term damage

2015 ◽  
Keyword(s):  
Financial Markets ◽  
First Year ◽  
Real Economy ◽  
Short Term ◽  
Content Type ◽  
The Real ◽  
The Government ◽  
Legal Grounds ◽  
Deep Recession ◽  
Foregone Conclusion

Significance This comes near the end of a tremendously challenging first year of Rousseff's second term, marked by collapsing popularity, mass protests and deep recession. However, impeachment is far from a foregone conclusion. The legal grounds are unclear and the government seems more likely than not to have enough congressional support to stave off the process. Indeed, the timing could increase the odds that Rousseff will complete her term. Impacts Financial markets will be especially volatile in the coming months. At best, a recovery in the real economy will not start before late 2016 or even 2017. Nevertheless, impeachment turbulence could gradually lead to more stable politics.

scholarly journals Deciphering the Liquidity and Credit Crunch 2007–2008

2009 ◽  
Vol 23 (1) ◽  
pp. 77-100 ◽  
Author(s):  
Markus K Brunnermeier
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
Financial Markets ◽  
Great Depression ◽  
Financial Market ◽  
Mortgage Market ◽  
Credit Crunch ◽  
Real Economy ◽  
The Real ◽  
The Great Depression

The financial market turmoil in 2007 and 2008 has led to the most severe financial crisis since the Great Depression and threatens to have large repercussions on the real economy. The bursting of the housing bubble forced banks to write down several hundred billion dollars in bad loans caused by mortgage delinquencies. At the same time, the stock market capitalization of the major banks declined by more than twice as much. While the overall mortgage losses are large on an absolute scale, they are still relatively modest compared to the $8 trillion of U.S. stock market wealth lost between October 2007, when the stock market reached an all-time high, and October 2008. This paper attempts to explain the economic mechanisms that caused losses in the mortgage market to amplify into such large dislocations and turmoil in the financial markets, and describes common economic threads that explain the plethora of market declines, liquidity dry-ups, defaults, and bailouts that occurred after the crisis broke in summer 2007.

Financial Markets, the Real Economy, and Self‐Fulfilling Uncertainties

2019 ◽  
Vol 74 (3) ◽  
pp. 1503-1557 ◽  
Author(s):  
JESS BENHABIB ◽  
XUEWEN LIU ◽  
PENGFEI WANG
Keyword(s):  
Financial Markets ◽  
Real Economy ◽  
The Real

scholarly journals Financial Markets and the Real Economy

2005 ◽  
Vol 1 (1) ◽  
pp. 1-101 ◽  
Author(s):  
John H. Cochrane
Keyword(s):  
Financial Markets ◽  
Real Economy ◽  
The Real

Introduction: Just financial markets? Finance in a just society

2017 ◽  
Author(s):  
Lisa Herzog
Keyword(s):  
Economic Theory ◽  
Financial Markets ◽  
Real Economy ◽  
Economic Perspective ◽  
The Real ◽  
Just Society

The introductory chapter explains some basic mechanisms of financial markets and how they were traditionally justified by economic theory. It introduces some of the questions about financial markets that can be asked from a perspective of justice. Financial markets have often been treated as the prototype of well-functioning markets, but they deviate from textbook models in a number of ways: their products are legal artifices often at some distance from the real economy; their participants often do not carry the full risk of their behavior and instead of always tending toward an equilibrium they can develop destabilizing dynamics. The case for reform both from an economic perspective and from a perspective of justice is therefore strong. The introduction concludes by providing an overview of the chapters of the volume.

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