Apocalypse then; The Evolution of the North Atlantic Economy and the Global Crisis
The financial crisis, originated from the collapse of US housing markets in 2008, reverberates around the world. Its destructive force was felt nowhere more keenly than Western Europe. Indeed, it continues to mire in financial volatility as the debt problem contagiously spreads around the periphery...
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ftrepec:oai:RePEc:imf:imfwpa:11/212 2024-04-14T08:15:30+00:00 Apocalypse then; The Evolution of the North Atlantic Economy and the Global Crisis Trung T Bui Tamim Bayoumi http://www.imf.org/external/pubs/cat/longres.aspx?sk=25215 unknown http://www.imf.org/external/pubs/cat/longres.aspx?sk=25215 preprint ftrepec 2024-03-19T10:25:06Z The financial crisis, originated from the collapse of US housing markets in 2008, reverberates around the world. Its destructive force was felt nowhere more keenly than Western Europe. Indeed, it continues to mire in financial volatility as the debt problem contagiously spreads around the periphery Euro area. Taking a wider historical view of the evolution over the recent decades of the North Atlantic economy, comprising North America and Western Europe, we argue that while trade links were in relative stasis, the increasing and uniquely-close Transatlantic financial relationship was a crucial conduit in transmitting US shocks into global ones. Economic integration;Spillovers;Financial linkages, financial regulation, banking, bonds, bond, banking systems, financial market, Financial Aspects of Economic Integration, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation, General Financial Markets: Government Policy and Regulation Report North Atlantic RePEc (Research Papers in Economics) |
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The financial crisis, originated from the collapse of US housing markets in 2008, reverberates around the world. Its destructive force was felt nowhere more keenly than Western Europe. Indeed, it continues to mire in financial volatility as the debt problem contagiously spreads around the periphery Euro area. Taking a wider historical view of the evolution over the recent decades of the North Atlantic economy, comprising North America and Western Europe, we argue that while trade links were in relative stasis, the increasing and uniquely-close Transatlantic financial relationship was a crucial conduit in transmitting US shocks into global ones. Economic integration;Spillovers;Financial linkages, financial regulation, banking, bonds, bond, banking systems, financial market, Financial Aspects of Economic Integration, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation, General Financial Markets: Government Policy and Regulation |
format |
Report |
author |
Trung T Bui Tamim Bayoumi |
spellingShingle |
Trung T Bui Tamim Bayoumi Apocalypse then; The Evolution of the North Atlantic Economy and the Global Crisis |
author_facet |
Trung T Bui Tamim Bayoumi |
author_sort |
Trung T Bui |
title |
Apocalypse then; The Evolution of the North Atlantic Economy and the Global Crisis |
title_short |
Apocalypse then; The Evolution of the North Atlantic Economy and the Global Crisis |
title_full |
Apocalypse then; The Evolution of the North Atlantic Economy and the Global Crisis |
title_fullStr |
Apocalypse then; The Evolution of the North Atlantic Economy and the Global Crisis |
title_full_unstemmed |
Apocalypse then; The Evolution of the North Atlantic Economy and the Global Crisis |
title_sort |
apocalypse then; the evolution of the north atlantic economy and the global crisis |
url |
http://www.imf.org/external/pubs/cat/longres.aspx?sk=25215 |
genre |
North Atlantic |
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North Atlantic |
op_relation |
http://www.imf.org/external/pubs/cat/longres.aspx?sk=25215 |
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1796313868380667904 |