The global financial crisis in 2008, unexpectedly, has given a serious strike on the world financial system and the economic entities, which are still suffering heavily from its side effects. The shipping industry is one of the hardest hit fields. Many shipping companies have closed down because...

The present paper investigates the offshore crisis 2015-2017 and its impact on one of the most complete maritime clusters, more precise the Blue Maritime Cluster, located at Møre og Romsdal at the North Western Coast of Norway.As this cluster is heavily involved in offshore petroleum...

This paper investigates the significance of financial derivatives in shipping firms and its potential impact on their firm value. The methodology applied in order to measure firms' value is Tobin's Q. The investigation whether shipping firms can decrease their risk exposure and increase their...

The paper identifies based on the monetary overinvestment theories by Wicksell (1898), Mises (1912) and Hayek (1929) monetary policy mistakes in large industrial countries issuing international currencies. It its argued that a neglect towards monetary policy reform in a world dominated by...

The pronounced and persistent impact of the global financial crisis of 2008 motivates our empirical analysis of the role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that the associations of growth level, growth volatility,...