The growing emphasis on rural small and medium size entrepreneurship for economic development, especially in the context of poverty alleviation in developing countries has thrown up some major challenges for the commercial ventures led by women in global perspective. The position of women, even...

Art is often presented as an investment of last resort or a potential safe haven in times of political or financial distress. Yet, as no study has focused on the performance of art markets in times of crisis, this paper fills this gap by means of unclosing historical auction archives. We trace...

The main purpose of this paper is to investigate the impact of the 2007 financial tsunami on the Taiwanese financial market. We find that, although significant for banks, security firms, and insurance companies, the effect was relatively lower if compared with that in Europe and the United...

Das Verschuldungsverhalten der privaten Haushalte in Deutschland hat sich durch die jüngste Finanz- und Wirtschaftskrise nicht wesentlich geändert. Der Anteil von Haushalten mit Konsumenten- oder Immobilienkrediten war 2009 niedriger als während der "Dotcom-Krise" um die Jahrtausendwende, und...

Using unique panel data on German manufacturing firms this paper shows the development of the bank's willingness to lend to businesses during the financial crisis and its effect on firm innovations. Due to differences in business practices commercial banks, credit unions and savings banks in...

An order flow model, where the coded identity of the counterparties of every trade is known, hence providing institution level order flow, is applied to both stable and crisis periods in a large and liquid overnight repo market in an emerging market economy. Institution level order flow is much...

This paper tries to shed light on the historical analogies of the current crisis. To that end we compare the current sample distribution of Dow Jones Industrial Average Index returns for a 769-day period (from 15 September 2008, the Lehman Brothers bankruptcy, to 30 September 2011), with all...

This paper investigates whether, and through which channel, the active use of credit derivatives changes bank behavior in the credit market, and how this channel was affected by the crisis of 2007–2009. Our principal finding is that banks with larger gross positions in credit derivatives...

In this paper, we investigate worldwide contagion and its determinants during the 2008 financial crisis. Utilizing an international sample of returns from 2003 to 2009, we consider both uni- and bi-directional contagion. After controlling for crisis-related volatility, we find strong evidence...