crisis. First, how similar is the crisis to previous episodes? We argue that the crisis featured some close similarities to …

. Given their size and integration, growth in EM7 could have significant cross-border spillovers. We provide empirical … estimates of these spillovers using a Bayesian vector auto regression model. We report three main results. First, spillovers …. Second, sizeable as they are, spillovers from EM7 are still smaller than those from G7 countries (Group of Seven of advanced …

of the universe of over 200 recession episodes in 14 advanced countries between 1870 and 2008, we document two key facts … of the modern business cycle: financial-crisis recessions are more costly than normal recessions in terms of lost output …; and for both types of recession, more credit-intensive expansions tend to be followed by deeper recessions and slower …

threefold purpose. In the first place it gives an overview of financial crisis in Norway from her independence from Denmark in …

(s) preceding the breakdown and the crisis. We also find boom-bust cycles as depicted in a basic Minsky-cycle, where financial … instability and the outbreak of crisis is a consequence of an unbalanced mix of hedge, speculative and Ponzi financial positions …