crises. They must occur from time to time, yet the magnitude of the recent crisis is a result of inappropriate institutions … and wrong macroeconomic policies based on neoliberalism. While the underlying causes of the crisis and the ways out of it … that the world is moving from one crisis to another. Thus, one must consider not only the economics of crisis, but also a …

development of many crises, including the current subprime crisis. Governments have reacted to crises by erecting a vast and … supervision. The unwinding of the current crisis will mark a big enlargement of the safety net and moral hazard, as well as a …

This paper evaluates how the global financial crisis emanating from the U.S. was transmitted to emerging markets. Our … focus is on the extent that the crisis caused external market pressures (EMP), and whether the absorption of the shock was … crisis. Countries with large balance sheet exposure – high external portfolio liabilities exceeding international reserves …

unique Latvian scanner-level dataset for food and beverages, covering the 2008-09 financial crisis, to study (i) relative … of foreign goods viz. the food CPI increased by 4.4% during the crisis. Second, the majority of the switching took place … value domestic items during the crisis, motivate us to model non-homothetic consumer demand. Over the crisis period, the …

We investigate whether leading indicators can help explain the cross-country incidence of the 2008–09 financial crisis …. Rather than looking for indicators with specific relevance to the recent crisis, the selection of variables is driven by an … leading indicators that had proven the most useful in explaining crisis incidence across different countries and episodes in …

of the five countries to the 2008 crisis was countercyclical. On the fiscal side, countries had a larger fiscal space in … indicators and a reduction in financing needs in the years before the crisis. On the monetary side, the capacity to implement … countercyclical responses in future crisis episodes, the fiscal authorities should reverse expansionary measures during good times nd …

rather than crisis-driven exits. The estimated steady-state probabilities even predict that a unipolar fixed exchange rate …

among those that can help us to best understand the roots of the current economic crisis and the problems that may …

of the five countries to the 2008 crisis was countercyclical. On the fiscal side, countries had a larger fiscal space in … indicators and a reduction in financing needs in the years before the crisis. On the monetary side, the capacity to implement … countercyclical responses in future crisis episodes, the fiscal authorities should reverse expansionary measures during good times and …

The present paper devises an account of the possibilities that the recent crisis opens up for capitalism, which dwells …