The current financial crisis, which has lasted almost one and a half years, is the 19th such crisis in the post … early 1990’s among the Big Five crises that have happened before the current crisis, which is now of a global nature. This … paper outlines the developments of the Nordic crises, reasons behind them and crisis management by the authorities …

methodologies used. We analyze financial and economic circumstances associated with the US subprime mortgage crisis and the global …

corporate sector, which covers the ‘Big Five’ crisis in Finland in the early 1990s. Several extensions to the empirical model … importance of an early policy response to a looming crisis. Finally, a comparison of the loan loss distribution on the eve of the … 1990s crisis with the most recent distribution demonstrates the greatly elevated risk level prior to the 1990s crisis. …

–2007 as well as the existence of contagion during a Finnish banking crisis. The contagion analysis of the early 1990s is able …

The global financial crisis of 2007–2008 has given rise to new regulatory initiatives to put restrictions on the size … no robust relationship between risk-taking incentives and US banks' stock returns during the global financial crisis. The … crisis returns are related negatively to leverage and positively to the market-to-book equity ratio. Our findings suggest …

typically smaller, have weak ratings, and likely reside in crisis countries. …

Failure in bank corporate governance has been seen as a contributing factor to excessive risk-taking pre-crisis with … devastating implications as risks realised during the financial crisis. Unfortunately, the empirical evidence on the impact of … managerial incentives on bank crisis performance is scarce. Moreover, bank strategy has not previously been accounted for. Hence …