Tag Archives: Crash

The economic cycle of fear: How panic fuelled a global recession

As President Franklin D Roosevelt famously once observed: “The only thing we have to fear is fear itself”. It is an aphorism that policymakers should take note of, given the findings of research by Philippe Bacchetta and Eric van Wincoop into the causes of the Great Recession.

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Contagion, capital and crashes: a new measure of systemic risk in Europe

How secure are Europe’s financial institutions? What are the chances of another crisis? Eric Jondeau and Michael Rockinger create a model for assessing the ability of European financial institutions, industry sectors, and countries, to withstand market shocks.

4 min read Continue reading Contagion, capital and crashes: a new measure of systemic risk in Europe