terminated due to a crisis. Our benchmark model shows that incentives decrease in a severe crisis, but are boosted given a minor … crisis since efforts are strategic complements in the former case but strategic substitutes in the latter one. We tested our … predictions in a laboratory experiment. The results confirm the effort ranking but show that in a severe crisis individuals …

The purpose of this paper is to delve into the deeper causes of the current crisis and its detailed manifestation in … the case of the Greek economy. The major argument of the paper is that the root cause of the crisis is fundamentally … investment spending and leading to rising unemployment. In the case of the Greek economy, this crisis of profitability has been …

Exchange during 2007-2011 in two separate periods (during the 2007-2009 crisis and after the crisis), using correlation … Exchange was different during the crisis and after the crisis and how the volatility of the Romanian market changed in the post … crisis period. Our results confirmed the high degree of interconnectivity between financial markets revealed by general …

Almost 80 years after the big crash in USA and a new, bigger and more important crisis has appeared in the globalized … economy in the middle of 2008. Crisis affects negatively almost all the fields of human life like development, employment … first part of this paper it is examined the character of the crisis and its consequences in Greece and in the second one it …

The crisis is hitting the financial sector disproportionately and on a permanent basis, at least in some countries …. This paper looks at the effects of the crisis on employment and earnings in the financial sector. It also considers how …

political nature. Current world economic crisis is the last shock. However, the economy always showed latent power and … experiences and lessons taken from the global economic crisis should serve as a basis for changing the current model with a new …

econometrics and in mainstream econometrics and is of considerable importance given the current economic crisis. This paper focuses …

experiencing only a cyclical over-production crisis, but also a deeper process of structural change. The sub-sectors which drove …