German ex- ports to countries outside Europe gained 12 per- cent in January 2008 (year-on-year), while exports to EU partners advanced 7.7 percent. Similar developments in France are under way. These advances have been a key factor in buoying busi- ness sentiment in the Euro Area, ...
I should add, however, that the phrase "allowed to fail" seems quite inappropriate, as there was no federal or state authority whose job it was to save Lehman Brothers. This crisis has posed a unique challenge for regulators. And, it has brought to the forefront the following key ques- ...
Federal Reserve Chairman Ben Bernanke said at the April 2008 opening meeting of the G-7 in Washington, DC, that failures in the so-called originate-to-distribute model of credit extension were the root of the current crisis. It broke down at a number of key points, including at the ...
However, profitability of housing loans, which are the key product of bank loans to individuals, has been worsening substantially reflecting prevalence of preferred interest rates, thus resulting in increases in interest rate risk. (Robustness of the financial system) 6. Based on the results of ...
5 Summary Federal Reserve Chairman Ben Bernanke said at the opening meeting in April 2008 of the G-7 in Washington that failures in the so-called "originate-to-distribute" model of credit extension were the root of the current crisis. It broke down at a number of key points, including at...
The real- ization that such a key player in the international financial system could fail shook the confidence of bankers, investors, and households alike and rever- berated rapidly throughout the global economy (figure 1.1). 8 PROSPECTS FOR THE GLOBAL ECONOMY Table 1.1 The global outlook in ...
Federal Reserve Chairman Ben Bernanke said at the April 2008 opening meeting of the G-7 in Washington, DC, that failures in the so-called originate-to-distribute model of credit extension were the root of the current crisis. It broke down at a number of key points, including at the ...
5 Summary Federal Reserve Chairman Ben Bernanke said at the opening meeting in April 2008 of the G-7 in Washington that failures in the so-called "originate-to-distribute" model of credit extension were the root of the current crisis. It broke down at a number of key points, including at...