1.

Record Nr.

UNINA9910962133103321

Titolo

How to Stop a Herd of Running Bears? Market Response to Policy Initiatives during the Global Financial Crisis

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2009

ISBN

9786612844102

9781462330539

1462330533

9781452753089

1452753083

9781282844100

1282844105

9781451873511

1451873514

Edizione

[1st ed.]

Descrizione fisica

1 online resource (80 p.)

Collana

IMF Working Papers

Disciplina

330.9

330.90511

Soggetti

Global Financial Crisis, 2008-2009

Recessions

Bank bailouts

Banking

Banks and Banking

Banks and banking

Banks

Capital and Ownership Structure

Credit risk

Crisis management

Depository Institutions

Economic & financial crises & disasters

Finance

Finance: General

Financial Institutions and Services: Government Policy and Regulation

Financial Risk and Risk Management

Financial risk management

Financial sector policy

Financial services industry

Financial services law & regulation

Financing Policy



General Financial Markets: Government Policy and Regulation

Goodwill

Liquidity risk

Micro Finance Institutions

Mortgages

Value of Firms

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Measuring Financial Sector Distress and Policy Initiatives; A. The Libor-OIS Spread; 1 The 3-month Libor-OIS Spreads in Levels and First Differences, in the United States, United Kingdom, Euro Area and Japan, January 1, 2007-March 31, 2009; B. Crisis Timeline; C. Policy Announcements; 1. Classification of Policy Measures; 2. Number of Front-Page Policy Announcements, June 1, 2007-March 31, 2009; 2. Cumulative Number of Front-Page Policy Announcements, June 1, 2007-March 31, 2009; III. Event Study Methodology

3. Impact of Policy Announcements on the Libor-OIS Spread, June 1, 2007-March 31, 2009IV. Impact of Policy Announcements on Interbank Credit and Liquidity Risk; A. Analysis on a Pooled Sample; Graphical Analysis; 4. Frequency Plots for the Pooled Sample of Announcements; 5. Time Profile of the Response of the Libor-OIS Spread to Policy Announcements; Statistical Analysis; 6. Magnitude and Statistical Significance of the Libor-OIS Spread Response to Policy Announcements (Pooled Sample); 3. Statistical Tests on a Pooled Sample for Alternative Event Windows and Measures of Surprise

4. Statistical Tests on a Pooled Sample for Alternative Measures of Financial Risk5. Characteristics and Impact of Financial Sector Policy Measures; B. Robustness Checks; C. Country-Specific Results; Graphical Analysis; 7. Impact of Domestic and Foreign Policy Announcements on the Libor-OIS Spread, June 1, 2007-March 31, 2009; Statistical Analysis; 8. Magnitude and Statistical Significance of the Libor-OIS Spread Response to Domestic and Foreign Policy Announcements (by Country)

9. Magnitude and Statistical Significance of the Libor-OIS Spread Response to Domestic and Foreign Policy Inaction and Ad Hoc Bank Bailouts (by Country)6. Statistical Significance of Foreign Policy Announcments on the Libor-OIS Spreads; V. Conclusion; Appendix I. Statistical Tests; References; Footnotes

Sommario/riassunto

This paper examines the impact of macroeconomic and financial sector policy announcements in the United States, the United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia. Announcements of interest rate cuts, liquidity support, liability guarantees, and recapitalization were associated with a reduction of interbank risk premia, albeit to a different degree during the subprime and global phases of the crisis. Decisions not to reduce interest rates and bail out individual banks in an ad hoc manner had adverse repercussions, both domestically and abroad. The results are



robust to controlling for the surprise content of announcements and using alternative measures of financial distress.

2.

Record Nr.

UNINA9910972350903321

Autore

Amussen Susan Dwyer

Titolo

Caribbean exchanges : slavery and the transformation of English society, 1640-1700 / / Susan Dwyer Amussen

Pubbl/distr/stampa

Chapel Hill, : University of North Carolina Press, c2007

ISBN

979-88-908813-0-4

1-4696-0593-7

0-8078-8883-4

Edizione

[1st ed.]

Descrizione fisica

1 online resource (317 p.)

Classificazione

15.85

15.70

Disciplina

306.3/620941

Soggetti

Slavery - Great Britain - Colonies - History

Slavery - West Indies, British - History

Social change - England - History - 17th century

England Social conditions 17th century

England Civilization Caribbean influences

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references (p. [273]-292) and index.

Nota di contenuto

The English Caribbean and Caribbean England -- Trade and settlement : England and the world in the seventeenth century -- Islands of difference : crossing the Atlantic, experiencing the West Indies -- A happy and innocent way of thriving : planting sugar, building a society -- Right English government : law and liberty, service and slavery -- Due order and subjection : hierarchy, resistance, and repression -- If her son is living with you she sends her love : the Caribbean in England, 1650-1700 -- Race, gender, and class crossing the English Atlantic.

Sommario/riassunto

English colonial expansion in the Caribbean was more than a matter of migration and trade. It was also a source of social and cultural change within England. Finding evidence of cultural exchange between England and the Caribbean as early as the seventeenth century, Susan Dwyer



Amussen uncovers the learned practice of slaveholding.As English colonists in the Caribbean quickly became large-scale slaveholders, they established new organizations of labor, new uses of authority, new laws, and new modes of violence, punishment, and repression in order to manage slaves. Concentrating on Barb