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firms during the crisis. We presume that the crisis has ambiguous effects on firms' behaviour, on one hand limiting their … competition and type of main competitors), changes in financial position of a firm, it's pre-crisis performance and innovation … of two surveys of industrial firms conducted in August of 2008 (before the crisis) and in September 2009 (during the …
Persistent link: https://www.econbiz.de/10013082604
implications for the development of a theory of financial crises and government policies on crisis management. …
Persistent link: https://www.econbiz.de/10011259713
the financial crisis which preceded it and its' resolution depends on proper rules of financial regulation. This paper … reasoning financial crisis episodes are highly probable, serving as the trigger of depressions. The latter implies that … investment theory. Highly volatile asset returns places financial markets in a world of true uncertainty as opposed to calculable …
Persistent link: https://www.econbiz.de/10011110536
currency crisis in Ethiopia over the time frame January 1970 to December 2008. Using the Exchange Market Pressure Index (EMPI …), we identify three currency crisis episodes, Oct. 1992 - Sep. 1993; Mar. – Jul. 1999 and Oct. – Dec. 2008. This timing … shows the importance of both local and international dynamics in determining currency crises. The crisis periods coincide …
Persistent link: https://www.econbiz.de/10011259158
-sheet effects, which has a considerable impact on the literature as well as the teaching of international financial crisis. By … explicitly taking account of wealth accumulation and external equilibrium condition, it is shown that a financial crisis in … illustrates well the analysis of different factors at the origin of financial vulnerability and crisis. By discriminating the …
Persistent link: https://www.econbiz.de/10008529247
crisis struck the country. It had been the worst crisis ever experienced by a small country from the late 20th century … froze. The paper provides a comprehensive analysis of the macroeconomic, banking and financial background of the crisis. It … depth of financial crisis is attributed to the recent decade of unadjusted monetary policy which failed to prevent sharp …
Persistent link: https://www.econbiz.de/10008919755
This paper investigates the role and necessity of system of crisis management of banking activity in present …-day conditions. Particular attention is paid to the crisis management that is realized on the level of government and central bank …. An overview and comparison of major anti-crisis instruments both in Ukraine and foreign countries is given. The research …
Persistent link: https://www.econbiz.de/10011112075
not to the same extent. The previous situation of countries plays a major role in the course of the crisis and crisis … was responsible for the financial „bubbles” popped simultaneously with the outbreak of the crisis. The paper examines the … main macroeconomic effects of the global economic crisis on the Baltic States and presents their governments’ economic …
Persistent link: https://www.econbiz.de/10011258522
In this paper we provide a unifying framework for a set of seemingly disparate models for exogenous and endogenous …
Persistent link: https://www.econbiz.de/10009647385
The present study is an attempt to test whether sectoral indices of Bombay stock Exchange have diversification benefits … Fractional cointegration test. Study found that, ingeneral, no evidence of cointegration in the sectoral indices of Bombay stock … Exchange and hence conclude that there is benefit to domestic investors for sectoral diversification in the Bombay stock …
Persistent link: https://www.econbiz.de/10011110222