Financial crisis 2008: causes, responses & an empirical investigation of crisis-related factors

Postgraduate Thesis uoadl:3363640 27 Read counter

Unit:
Κατεύθυνση Διοικητική Επιχειρήσεων και Τραπεζών
Library of the Faculty of Economics and of the Faculty of Business Administration
Deposit date:
2023-11-02
Year:
2023
Author:
Palaiologou Zoe
Supervisors info:
Λοΐζος Κωνσταντίνος , Συνεργαζόμενο Εκπαιδευτικό προσωπικό ,Τμήμα Οικονομικών Επιστημών ,ΕΚΠΑ
Original Title:
Χρηματοπιστωτική κρίση 2008: αίτια, τρόποι αντιμετώπισης & μια εμπειρική διερεύνηση των παραγόντων που συνδέονται με την κρίση
Languages:
Greek
Translated title:
Financial crisis 2008: causes, responses & an empirical investigation of crisis-related factors
Summary:
The global financial crisis of 2008 fundamentally shook the global financial system. It was considered the most severe crisis of capitalism since the crash of 1929 and the subsequent Great Depression that followed. In this study, we theoretically explore the causes of the 2008 crisis, its consequences, and the policy responses. This dissertation concludes with an empirical research of the factors that increased the likelihood of transmitting the crisis to the economies of the Eurozone. Various variables that can increase the probability of a severe financial crisis, were examined through a panel probit model. The variables were selected from the following categories: macroeconomic environment, financial sector, liquidity, fiscal framework/fiscal governance, institutional quality, and political system. According to our results, high inflation, high public debt, significant credit expansion, and increasing interest rates are statistically significantly associated with the increased likelihood of a financial crisis in the economies of the Eurozone.
Main subject category:
Social, Political and Economic sciences
Keywords:
Economic crisis, Eurozone, macroeconomic imbalances, credit expansion, interest rates
Index:
No
Number of index pages:
0
Contains images:
Yes
Number of references:
32
Number of pages:
55
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