Drawing together the concepts of inefficiency and banking crisis is directly inspired by business cycles theory where a … banking crisis, the post-crisis period should be the time for recovering efficiency. Moreover, traditional banking theory … interesting pattern, opposed to what theory predicts : we find that inefficiency increase after the crises in both banking sectors. …

a post-Keynesian authority on monetary theory and financial institutions. He had extensively studied the economic … economic concepts of the efficient market theory which believes that force of invisible hands keep the markets clear. Minsky … observed that periods of financial instability are common and it is the government's massive interventions since the World War …

significant impact on financial stability in these countries, affecting domestic financing conditions and creating a risk of …

We present several estimates of measures of risk amongst the most well-known, using both high and low frequency data … more precisely on the slopee of the tail of the various risk measure distributions, in order to define the high watermarks …

complete opening to world trade and financial globalization. The shakiness of major institutional compromises and the lack of … policy tools to respond to the vagaries of the world economy explain the 1998 turning point from growth to depression. The … transformed by the expected medium term rise of commodities prices at the world level. …

The 2007/08 financial crisis results in two major problems that issue difficult challenges for the economic theory and …