What Have We Learned from the 2007-08 Financial Crisis? Papers Presented at the Second International Workshop on Financial Markets and Nonlinear Dynamics (Paris, June 4-5, 2015)

2016 ◽  
Vol 27 (5) ◽  
pp. 819-823 ◽  
Author(s):  
Fredj Jawadi
Keyword(s):  
Nonlinear Dynamics ◽  
Financial Crisis ◽  
Financial Markets ◽  
International Workshop ◽  
Second International

scholarly journals INTRODUCTION TO RECENT INSIGHTS INTO FINANCIAL, HOUSING, AND MONETARY MARKETS

2017 ◽  
Vol 22 (7) ◽  
pp. 1721-1726
Author(s):  
Fredj Jawadi
Keyword(s):  
Nonlinear Dynamics ◽  
Financial Markets ◽  
International Workshop ◽  
Asset Price ◽  
Short Note ◽  
Price Dynamics ◽  
Special Issue ◽  
Real Activity ◽  
Market Trends ◽  
Selection Of

This short note gives an overview of recent research on topics concerning Financial, Housing, and Monetary markets. In particular, I introduce a special issue that includes a selection of papers presented at the second International Workshop on Financial Markets and Nonlinear Dynamics (FMND) held in Paris in June 2015 (www.fmnd.fr). The papers investigate various issues and discuss hypotheses that help us to understand asset price dynamics and their impact on real activity, as well as the new rules governing financial markets. Furthermore, their conclusions can help us to improve the forecasting of market trends in the future.

Normative dimensions of central banking: How the guardians of financial markets affect justice

2017 ◽  
Author(s):  
Peter Dietsch
Keyword(s):  
Monetary Policy ◽  
Financial Crisis ◽  
Financial Markets ◽  
Central Banking ◽  
Democratic Legitimacy ◽  
Policy Agenda ◽  
Theory Of Justice ◽  
Introductory Section ◽  
The Impact

Monetary policy, and the response it elicits from financial markets, raises normative questions. This chapter, building on an introductory section on the objectives and instruments of monetary policy, analyzes two such questions. First, it assesses the impact of monetary policy on inequality and argues that the unconventional policies adopted in the wake of the financial crisis exacerbate inequalities in income and wealth. Depending on the theory of justice one holds, this impact is problematic. Should monetary policy be sensitive to inequalities and, if so, how? Second, the chapter argues that the leverage that financial markets have today over the monetary policy agenda undermines democratic legitimacy.

The COVID-19 and bond spreads

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Rui Esteves ◽  
Nathan Sussman
Keyword(s):  
Financial Crisis ◽  
Financial Markets ◽  
Emerging Economies ◽  
Explanatory Power ◽  
Financial Stress ◽  
International Financial Crisis ◽  
Bond Spreads

AbstractFinancial markets reacted with a vengeance to the COVID-19 pandemic. We argue that while the spread of the pandemic is statistically significant in explaining changes to bond spreads, it has little additional explanatory power over variables that capture financial stress. Financial markets reacted as in any international financial crisis by penalizing emerging economies exposing existing vulnerabilities. This finding highlights the need for credible, but flexible, sovereign currencies and the need to build up liquidity reserves.

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