Financial market volatility is an important element when setting up port- folio management strategies, option pricing and market regulation. The Subprime crisis affected all markets around the world. Daily data of twelve stock indexes for the period of October 1999 to June 2011 are studied using...

The global financial crisis that started in mid-2007 illustrates the relevance of systemic risk. One key driver of the systemic instability that materialized in the crisis was the elevated level of stress in large banks. We use EVT to analyse the effect of size on banks' univariate and systemic...

In this paper, we investigate the dynamic link between recessions and stock market liquidity by examining the predictive content of illiquidity for US recessions. After controlling for other commonly featured recession predictors such as term spreads and credit spreads, we find that the...

The aim of this paper is to arrive with a valid model that represents the determinants of inflation in Britain. Hence, the period from 1970 to 2003 is taken in consideration. Multiple regression analysis is used to test the hypotheses, which evokes an econometric model. Further, the significance...

This chapter reviews the development of enrollment and literacy in the colonial period with a focus on British India. Beginning in the 1850’s numerous acts were passed, various recommendations were made, and public and private funds were used to increase mass literacy. But, the outcome was...