Crises and bail-outs of banks and countries: linkages, analogies, and differences

Article Abstract:

The banking crises which have affected a number of industrial nations and the financial problems they encountered were examined from the perspectives of international finance, the economics of regulation and public policy. It was concluded that proper internal and external governance does not ensure complete stability in banking. Market discipline may falter if market participants do not have sufficient information. While additional regulatory arrangements are called for in market failures, the protection which they provide should be evaluated and the economic costs of bail-outs should not be excessive.

Banking industry, Bank failures

---

Labor market rigidities: at the root of unemployment in Europe

Article Abstract:

The prevailing problem of unemployment in most European countries is attributed to rigid labor market regulations. The widespread institution of higher wages, more generous unemployment benefits, centralization of wage formation, high unionization and coverage rates are believed to contribute to the problem. Also, legislations that provide for job protection such as layoff constraints and firing restrictions discourage efforts to create new jobs. Significant reforms in these labor rules must be initiated to ease the burden of unemployment in Europe.

Analysis, Europe, Economic policy, Labor economics, Labor policy

---

Employment and unemployment in the 1930s

Article Abstract:

A study was conducted to evaluate the impact of the US Great Depression in the 1930s on employment and unemployment levels. The study considers conventional statistics for the US labor market and also focuses on disaggregated studies of the two economic variables. Results show that an exclusive focus on aggregate labor statistics incurs a possible risk of generating facts which do not perfectly describe the events of the 1930s. In addition, diverse conditions and census microdata must be considered for analyzing such major economic events.

Employment, United States economic conditions, 1930s (Decade) AD

Similar abstracts:

• Abstracts: Corporate Planning in South African Companies. Planning for Job Creation. Contingency planning for emergencies
• Abstracts: Analysis and modeling of recent business failures in Greece. A note on equity ownership and corporate value in Greece
• Abstracts: Experimental evidence on the evolution of meaning of messages in sender-receiver games
• Abstracts: The strategic implications of sunk costs: a behavioral perspective. Contracting in strategic situations
• Abstracts: Monetary policy uncertainty and inflation: the role of central bank accountability. The recent failure of U.S. monetary policy

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.