during the financial crisis. This type of shock can never be fully ruled out. EMU member states appear more vulnerable in …

and the United Kingdom have changed around the economic crisis that erupted in mid-2007. We document that in these three … the outburst of the crisis. We show, however, that these factors did not contaminate the relationship between … firmly anchored during the crisis. …

currency crisis a regional or global phenomenon?; and (iii) By controlling for “cross-market rebalancing do other mechanisms … like "financial openness" increase the probability of a currency crisis? We introduce the concept of conditional … probability of joint failure (CPJF) to measure the linkages of currency crisis intra- and inter-regionally. From estimating this …

. This concept is applied to the Netherlands and six OECD countries which experienced a financial crisis. …

During the Great Crisis, most governments in industrial countries supported their domestic financial sector under …