109 posts on "Crisis"
February 7, 2014
Crisis Chronicles: The Commercial Credit Crisis of 1763 and Today’s Tri‑Party Repo Market
During the economic boom and credit expansion that followed the Seven Years’ War (1756-63), Berlin was the equivalent of an emerging market, Amsterdam’s merchant bankers were the primary sources of credit, and the Hamburg banking houses served as intermediaries between the two.
January 10, 2014
Crisis Chronicles: The Mississippi Bubble of 1720 and the European Debt Crisis
Convicted murderer and millionaire gambler John Law spotted an opportunity to leverage paper money and credit to finance trade.
November 8, 2013
Crisis Chronicles: The South Sea Bubble of 1720—Repackaging Debt and the Current Reach for Yield
In 1720, the South Sea Company offered to pay the British government for the right to buy the national debt from debtholders in exchange for shares backed by dividends to be paid from the company’s debt holdings and South Sea trade profits.
October 16, 2013
A Look at Bank Loan Performance
U.S. banks experienced a rapid rise in loan delinquencies and defaults during the 2007-09 recession, driven by rising unemployment and falling real estate prices, among other factors.
September 30, 2013
September 6, 2013
Crisis Chronicles: Tulip Mania, 1633‑37
James Narron and David Skeie As Mike Dash notes in his well-researched and gripping Tulipomania, tulips are native to central Asia and arrived in the 1570s in what’s now Holland, primarily through the efforts of botanist Charles de L’Escluse, who classified and spread tulip bulbs among horticulturalists in the late 1500s and early 1600s. By […]
June 24, 2013
Crisis Chronicles: 300 Years of Financial Crises (1620–1920)
James Narron and David Skeie As momentous as financial crises have been in the past century, we sometimes forget that major financial crises have occurred for centuries—and often. This new series chronicles mostly forgotten financial crises over the 300 years—from 1620 to 1920—just prior to the Great Depression. Today, we journey back to the 1620s […]
Posted at 7:00 am in Crisis, Economic History, Exchange Rates, Monetary Policy | Permalink | Comments (5)
September 24, 2012
How Much Can Refinancing Reduce the Risk of Mortgage Defaults?
Improving the ability of homeowners to take advantage of prevailing low mortgage rates by refinancing has remained an active topic of discussion.
March 21, 2012
Just Released: January’s Indexes of Coincident Economic Indicators Show Fairly Robust Activity across the Region
The January Indexes of Coincident Economic Indicators for New York State, New York City, and New Jersey, released today, show fairly robust economic growth entering 2012.
Posted at 7:00 am in Crisis, Employment, New Jersey, New York, Regional Analysis, Unemployment | Permalink
February 15, 2012
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