Motivated by the 2008–09 financial crisis and the trade collapse, the paper analyzes the effect of past banking crises (1976–2002) on trade with a focus on African exporters. The paper shows that they are particularly vulnerable to a banking crisis in the countries they export to. It also distinguishes between an income effect (during a banking crisis, income and exports to the country fall) an...

How did problems in a relatively small portion of the home mortgage market trigger the most severe financial crisis in the United States since the Great Depression? Several developments played a role, including the proliferation of complex mortgage-backed securities and derivatives with highly opaque structures, high leverage, and inadequate risk management. These, in turn, created systemic ris...

Many well-respected economists have suggested plans for mortgage restructuring built on the idea of share appreciation mortgages, which generate rather complex transactions with conflicting interests between the lender and the homeowner. The 60/40 Plan, however, combines several economic principles adapted to the nature of home loans and appears to provide all the benefits but fewer of the draw...

Inspired by the bankruptcy of Lehman Brothers and its consequences on the global financial system, we develop a simple model in which the Lehman default event is quantified as having an almost immediate effect in worsening the credit worthiness of all financial institutions in the economic network. In our stylized description, all properties of a given firm are captured by its effective credit ...

The objective of the paper is to seek how financial growth affects economic growth in Turkey in the flourishing world. The financial market is changed and developed very rapidly in the last decade. Moreover the change of financial market has also been brought some innovations and new policies. So this study examines whether financial development leads to economic growth in Turkey. The main elem...

Building on previous works on business fluctuations, we study the propagation of financial distress in a geographical setting. We model a network of regions, each populated by interacting heterogeneous agents, varying the level of interregional connectivity. Given the recent financial turmoils and the growing literature on the diffusion of financial crises, our aim is to identify patterns of fa...

A generic feature of financial frictions, whatever their origins may be, is to distort the allocation of funds to projects, causing some less productive projects to be funded while more productive projects are not. I formalize this idea by introducing a log supermodularity condition which requires that, at the margin, the difference in productivity between funded and unfunded projects is smalle...

This paper proposes a new framework which captures the systemic nature of funding liquidity risk. Using this framework we develop a set of indicators which measure different aspects of the systemic funding liquidity risk in the interbank foreign currency lending market: (i) systemic funding liquidity needs, (ii) systemic vulnerability, (iii) systemic importance and (iv) systemic liquidity short...

This study aims to provide a scenario and indicate the quality of patent registration in Brazilian federal universities from database European Patent Office - EPO PATSTAT between years 2010 2020, considering deposits, grants other relevant data for research. The were obtained SQL language treated through integration, supported by MS Power BI software, bringing contributions research profile thi...

Kacang bambara merupakan tanaman tahan akan cekaman kekeringan dan tumbuh baik pada lahan kering. Air tetap berberan aktif dalam proses pertumbuhan perkembangan meskipun kacang dikategorikan sebagai legume yang kekeringan. Tujuan penelitian yaitu mengetahui kebutuhan air dari sepuluh galur terhadap pertumbahan hasil bambara. Penelitian ini dilaksankan di greenhouse FAPERTA Universitas Muhammadi...