Housing is the most important asset in the portfolio of most households. For all households it is an important determinant of quality of life. It is a relatively illiquid investment, with an uncertain capital value, and it is generally highly leveraged, which makes it a potentially important...

Bulgarian abstract: Световната финансова криза от 2007 година, възникнала първоначално в САЩ като криза на ипотечното кредитиране, се разпростря върху световната...

We investigate the role of financial ratios in Japan's construction firms in explaining the propagation of financial shocks during the 2007 to 14 financial crisis. For our analysis, we applied the new approach of contagion test developed by Fry-McKibbin et al (2016) to test for contagion effect...