subprimes Archives - IREF Europe https://en.irefeurope.org/tag/subprimes/ Independent research and policy analysis on fiscal, monetary, and regulatory issues in Europe Wed, 08 Mar 2023 08:53:08 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 https://en.irefeurope.org/wp-content/uploads/sites/3/2026/04/IREF-LinkedIn-Profile-DarkBlue-scaled.png subprimes Archives - IREF Europe https://en.irefeurope.org/tag/subprimes/ 32 32 Engineering the Financial Crisis Systemic Risk and the Failure of Regulation https://en.irefeurope.org/news/article/engineering-the-financial-crisis-systemic-risk-and-the-failure-of-regulation/?utm_source=rss&utm_medium=rss&utm_campaign=engineering-the-financial-crisis-systemic-risk-and-the-failure-of-regulation https://en.irefeurope.org/news/article/engineering-the-financial-crisis-systemic-risk-and-the-failure-of-regulation/#respond Fri, 02 Dec 2011 14:08:52 +0000 https://en.irefeurope.org/publications/other-publications/news/engineering-the-financial-crisis-systemic-risk-and-the-failure-of-regulation/ In one of the first studies critically to examine the Basel Accords, Engineering the Financial Crisis reveals the crucial role that bank capital requirements and other government regulations played in the recent financial crisis. Jeffrey Friedman and Wladimir Kraus argue that by encouraging banks to invest in highly rated mortgage-backed bonds, the Basel Accords created an overconcentration of risk in the banking industry.

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]]> https://en.irefeurope.org/news/article/engineering-the-financial-crisis-systemic-risk-and-the-failure-of-regulation/feed/ 0 Some hot fiscal issues in the fall https://en.irefeurope.org/publications/online-articles/article/some-hot-fiscal-issues-in-the-fall/?utm_source=rss&utm_medium=rss&utm_campaign=some-hot-fiscal-issues-in-the-fall https://en.irefeurope.org/publications/online-articles/article/some-hot-fiscal-issues-in-the-fall/#respond Wed, 15 Sep 2010 18:26:28 +0000 https://en.irefeurope.org/publications/online-articles/some-hot-fiscal-issues-in-the-fall/ Looking for budget savings

Some analysts are suspecting that the current fragile economic recovery will be damaged by the policy of government spending cuts that many countries undertook in order to reduce their public budget deficits. The debate is perfervid, in particular in the US where the government has opted for the keynesian policy of massive public spending. The effects of this policy, as was to be expected, have been so far calamitous and the American deficit is not about to be absorbed. Furthermore, tax reductions introduced by Bush in 2005 will expire next December and, most probably, will not be extended. An additional fiscal burden will therefore hit an already suffering economy.

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