crisis. It shows that the proposed vulnerability indicator started to increase steadily beginning in 1999, following 2 years … in which it had remained flat, and it finally peaked in mid-2001, which was just before the onset of the crisis. …

After the destructive impact of the global financial crisis of 2008, many believe that pre-crisis financial market … after the post-crisis "new normal". Here, I review recent progress in empirical and theoretical research on the …

The financial crisis and economic recession, and policymakers' responses to these events, have raised sovereign risk …

financial crisis. Were these public recapitalizations followed by a reduction of risk in banks' loan books? To answer this …, approximately half of which were rescued during the crisis, are analyzed for the period 2000–10. Evidence is presented that banks … that were later rescued took on higher risk in their loan books before the crisis than banks that were not, especially in …