IDEAS home Printed from https://ideas.repec.org/a/cup/nierev/v206y2008ip56-65_7.html
   My bibliography  Save this article

Financial Crises, Regulation and Growth

Author

Listed:
  • Barrell, Ray
  • Hurst, Ian
  • Kirby, Simon

Abstract

The paper discusses the effects on growth of a systemic banking crisis as a result of debt defaults. These effects will come from the impact of credit rationing on consumption and credit and from the impacts of a significant rise in the spread between lending and borrowing rates for both producers and consumers. The analysis uses the dynamic stochastic general equilibrium version of the National Institute global model. The paper also investigates the impact on output of a permanent, regulation induced, rise in margins in the financial sector, taking into account the impacts of regulation on equity market valuations.

Suggested Citation

  • Barrell, Ray & Hurst, Ian & Kirby, Simon, 2008. "Financial Crises, Regulation and Growth," National Institute Economic Review, National Institute of Economic and Social Research, vol. 206, pages 56-65, October.
    • Handle: RePEc:cup:nierev:v:206:y:2008:i::p:56-65_7
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0027950100013338/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. FitzGerald, John & Goggin, Jean & Bergin, Adele, 2008. "Economic Assessment of the Euro Area: Autumn Report 2008," Research Series, Economic and Social Research Institute (ESRI), number sustat27.
    2. McSweeney, Brendan, 2009. "The roles of financial asset market failure denial and the economic crisis: Reflections on accounting and financial theories and practices," Accounting, Organizations and Society, Elsevier, vol. 34(6-7), pages 835-848, August.
    3. Euroframe – European Forecasting Research Association for the Macro-Economy, 2008. "Economic Assessment of the Euro Area. Autumn Report 2008," WIFO Studies, WIFO, number 34439, April.
    4. Mohammed Dore & Rajiv Singh, 2012. "The Role of Credit in the 2007–09 Great Recession," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 40(3), pages 295-313, September.

    More about this item

    JEL classification:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:nierev:v:206:y:2008:i::p:56-65_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://edirc.repec.org/data/niesruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.