WP3 – Causes and consequences of the financial crisis

Work Package Leader

HOCHSCHULE FUR WIRTSCHAFT UND RECHT BERLIN HWR, Germany

Objectives

To investigate the general causes of the global economic crisis beginning in 2007 in light of the long-run processes of financialisation;

To undertake a comparative study of the causes and consequences of crisis in the EU across types of financial system, and different sectors and markets.

Deliverables

Working papers

• Hein, E., Dodig, N.: Financialisation, distribution, growth and crises – long-run tendencies, Working Paper Series No. 23, February 2014

• Dodig, N., Herr, H.: Previous financial crises leading to stagnation – selected case studies, Working Paper Series No. 24, February 2014

• Detzer, D., Herr, H.: Theories of Financial Crises, Working Paper Series No. 25, February 2014

• Lagoa, S., Leão, E., Barradas, R.: Risk management, the subprime crisis and financialisation: the role of risk management in the generation and transmission of the subprime crisis, Working Paper Series No. 37, May 2014

• Jurek, M., Marszalek, P.:  Subprime mortgages and the MBSs in generating and transmitting the global financial crisis, Working Paper Series No. 40, June 2014

• Michell, Jo: Factors generating and transmitting the financial crisis: functional distribution of income, Working Paper Series No. 41, June 2014

• Carrasco, C.A., Serrano, F. : Global and European Imbalances: A critical review, Working Paper Series No. 42, July 2014

• Szikszai, S., Badics, T.: Enhanced Funds Seeking Higher Returns, Working Paper Series No. 43, June 2014

• Evans, Trevor: Factors generating and transmitting the US financial crisis: Overview paper, Working Paper Series No. 45, August 2014

• Orhangazi, Özgür:  Financial deregulation and the 2007-08 US financial crisis, Working Paper Series No. 49, August 2014

• Varoufakis, Yanis: United States Monetary Policy in the Post-Bretton Woods Era – Did it cause the Crash of 2008?, Working Paper Series No. 50, July 2014

• Detzer, D., Hein, E.: Finance-dominated capitalism in Germany – deep recession and quick recovery, Working Paper Series No 54, August 2014

• Gabbi, G., Kalbaska, A., Vercelli, A.: Factors generating and transmitting the financial crisis: The role of incentives: securitization and contagion, Working Paper Series No 56, September 2014

• Hein, E., Detzer, D.: Finance-dominated capitalism and income distribution: a Kaleckian perspective on the case of Germany, Working Paper Series No 62, September 2014

• Raza, H., Gudmundsson, B., Kinsella, S., Zoega, G.: Experiencing financialisation in small open economies: An empirical investigation of Ireland and Iceland, Working Paper Series No 84, January 2015

• Lis, Piotr: Relationships between the finance system and housing markets, Working Paper Series No. 99, February 2015

• Ruzzenenti, Franco: Changes in the relationship between the financial and real sector and the present economic financial crisis: study of energy sector and market, Working Paper Series No. 105, April 2015 

• Dodig, N., Hein, E., Detzer, D.: Financialisation and the financial and economic crises: Theoretical framework and empirical analysis for 15 countries, Working Paper Series No. 110, August 2015

• Evans, T., Herr, H.: Synthesis of sectoral studies of the currency, energy and residential property markets, Working Papers Series No. 113, September 2015

• Hein, Eckhard: Causes and Consequences of the Financial Crisis and the Implications for a More Resilient Financial and Economic System: Synthesis of FESSUD Work Package 3, Working Paper Series No. 128, November 2015

• Carrasco, C. A., Ferreiro, J.: An analysis of the determinants of the impact of the Great Recession on the Eurozone countries, Working Paper Series No. 149, February 2016
• Ferreiro, J., Galvez, C., Gomez, C., Gonzalez, A.: The impact of the Great Recession on the European Union countries, Working Paper Series No. 150, February 2016

• Altuzarra, A., Peinado, P., Rodríguez, C., Serrano, F.: Changes in the relationship between the financial and the real sector and the present financial crisis in the European Union, Working Paper Series No 159, June 2016
• Vozzella, P., Gabbi, G., Matthias, M.,: Financial Regulation in Italy, Working Paper Series No.60, April 2017

FESSUD Studies in Financial Systems

• Detzer, D., Hein, E.: Financialisation and the Financial and Economic Crises: The Case of Germany, FESSUD Studies in Financial Systems No 18, December 2014

• Ferreiro, J., Gálvez, C., González, A.: Financialisation and the Financial and Economic Crises: The Case of Spain, FESSUD Studies in Financial Systems No 19, December 2014

• Kattel, R., Juuse, E.: Financialisation and the Financial and Economic Crises: The Case of Estonia, FESSUD Studies in Financial Systems No 20, December 2014

• Bahçe, S., Cömert, H., Çolak, S., Özgür Orhangazi, N., Özgür, G., Yalman, G.: Financialisation and the Financial and Economic Crises: The Case of Turkey, FESSUD Studies in Financial Systems  No. 21, July 2015

• Cornilleau, G., Creel, J.: Financialisation and the Financial and Economic Crises: The Case of France, FESSUD Studies in Financial Systems No 22, December 2014

• Gabbi, G., Ticci, E., Vozzella, P.: Financialisation and Economic and Financial Crises: The Case of Italy, FESSUD Studies in Financial Systems No 23, December 2014

• Lagoa, S., Leão, E., Mamede, P. R., Barrada, R.: Financialisation and the Financial and Economic Crises: The Case of Portugal, FESSUD Studies in Financial Systems No 24, December 2014

• Varoufakis , Y., Leão, E., Tserkezis, L.: Financialization and the Financial and Economic Crises: The Case of Greece, FESSUD Studies in Financial Systems No 25, December 2014

• Susan, Newman: Financialisation and the Financial and Economic Crises: The Case of South Africa, FESSUD Studies in Financial Systems No 26, December 2014

• Stenfors, Alexis: Financialisation and the Financial and Economic Crises: The Case of Sweden, FESSUD Studies in Financial Systems No 27, December 2014

• Shabani, M., Toporowski, J.: Financialisation and the Financial and Economic Crises: The Case of Japan, FESSUD Studies in Financial Systems No 28, April 2015

• Dymarski, Wlodzimierz: Financialisation and Economic Crisis: The Case of Poland, FESSUD Studies in Financial Systems No 29, July 2015

• Lepper, J., Shabani, M., Toporowski, J., Tyson, J.: Financialisation and the Financial and Economic Crises: The Case of The U.K., FESSUD Studies in Financial Systems No. 30, July 2015

• Badics, T., Szikszai, S.: Financialisation and the Financial and Economic Crises: The Case of Hungary, FESSUD Studies in Financial Systems No 31, May 2015

• Evans, Trevor: Financialisation and the Financial and Economic Crises: The Case of The U.S.A, FESSUD Studies in Financial Systems No 32, May 2015

• Bezemer, D., Muysken, J.: Financialization and the Financial and Economic Crises: The Case of The Netherlands, FESSUD Studies in Financial Systems No 33, May 2015

• Guðmundsson, Björn Rúnar: Financialisation and the Financial and Economic Crisis: The Case of Iceland, FESSUD Studies in Financial Systems No. 34, July 2015