Measures of Central Tendency: Mean, Median and Mode
Copelovitch slides
1. In Search of Stability: The Economics and Politics of the Global Financial Crisis Mark Copelovitch Assistant Professor of Political Science & Public Affairs University of Wisconsin – Madison March 16, 2009
11. Case Study: Northern Rock (UK) UK’s 8th largest bank in 2007 (£113 billion in assets)
12. Northern Rock’s Collapse Bank of England - steps in to bail out (£55 billion in loans/guarantees) and ultimately nationalize NR (2/22/08) once the “run” starts
15. … the Financial Losses Mount… March 2009: $5.1 trillion in family net worth losses (9%) in Q4 2008
16. … and the Real Economic Impact is Severe SOURCE: BBC/IMF GDP growth rates (%), 2008-2009
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29. The Next Stage: Are the Bailouts Working? TED Spread, March 2009
30. The Next Stage: Crises in Emerging Markets 9/-08 – 3/09: ~$50 billion in new IMF loans to Iceland, Pakistan, Ukraine, Belarus, Georgia, Serbia, Latvia, and Hungary SOURCE: Financial Times, IMF World Economic Outlook
33. Some Perspective: The Great Depression, 1929-1933 The Depression’s Effect on the US Economy SOURCE: Historical Statistics of the United States , pp. 235, 263, 1001, and 1007