In this paper we question the consensus of using a binary crisisdefinition for empirical crisis models. We believe that the most severeshortcomings of the crisis models today are in the crisis definition rather than the explanatory variables ...

A lot happened even before the perceived beginning of this crisis in 2007,so although the events are recent, I will give an overview from a US perspectiveof the period from 2001 to date, in our search for the lessons to be learned.Much of it is probably familiar, but worth revisiting.I will...

For over a decade, The Wall Street Journal and The Heritage Foundation, Washington's preeminent think tank, have tracked the march of economic freedom around the world with the influential Index of Economic Freedom. Since 1995, the Index has brought Smith's theories about liberty, prosperity and...

Erfolgreiche Geschäfte im anspruchsvollen japanischen Markt sind für deutsche Unternehmendurchaus möglich - entsprechendes Engagement und planvolle Vorbereitungvorausgesetzt. Dies hatte eine 1996 im Auftrag der Gesellschaft für WirtschaftsförderungNordrhein-Westfalen mbH vom...

Stellt sich das Investitionsklima für deutsche Unternehmen seit der Krise von 1997/98 in Korea tatsächlich so positiv dar, wie Medienberichte und Wirtschaftszahlen suggerieren oder ist die Entwicklung möglicherweise nur auf einige wenige "Großeinkäufe" deutscher Großunternehmen...

The economic crisis in Korea, which started as a financial or foreign exchange crisis at the end of 1997, is rapidly destroying the economic bases in real terms. It is expected that direct economic losses could exceed 25% of its annual GDP sooner or later. This would equal the damage experienced...

This paper will first review the current situation in its manifestation as a deep economic, political and - in the meantime - also as a moral crisis. The paper will further query more precisely the real nature of the crisis and present arguments to support the notion that the functioning phase...

In 2001-02, Argentina experienced a wrenching economic crisis. Plan Jefes, implemented in May 2002, was Argentina´s institutional response to the increase in unemployment and poverty triggered by the crisis. The program provided a social safety net and appears to have successfully protected...