Overall, household debt levels have risen sharply over the past decades in EU Member States. While certain levels of household debts can be beneficial, they can become problematic especially with a sudden, unexpected decrease of incomes or increase of expenditures. The current financial crisis...

A workshop on the "The Impact of the Crisis on SMEs" was held in the European Parliament in Brussels on 1 February 2010. This document contains the programme, presentations and proceedings of that workshop.

Presented at a workshop at the Centre for the Study of Financial Innovation, this document explores the logistical solutions deployed within contemporary Hawala-style value transmission systems. It suggests that those frustrated by the lack of an effective global payments system for retial...

This study examines the market entry practices of Australian and Pakistani Information and Communication Technology (ICT) firms and the proposition that Local Software Economy (LSE) maturity affects the selection of market entry practices. The question is significant as it is focused on an...

Das Arbeitspapier behandelt die Vorgeschichte und den Verlauf der IKB-Krise.

Since the start of the financial crisis, various forms of securitization have been criticized for causing the problems experienced. The amount of Asset Backed Commercial Paper outstanding fell drastically in the middle of 2007 drawing our attention to this market. Our study focuses on the use of...

The availability of a unique data set of financially distressed firms enabled this study to apply the dynamic capital structure adjustment model to a study of capital structure. In addition, the factors driving capital structure adjustment of financially distressed and of healthy firms were...

The paper measures the U.S. Farm Credit System’s technical efficiency from 2000 to 2009 using a stochastic frontier production function model with quarterly unbalanced panel data. The paper's results suggest that the FCS has not efficiently utilized their inputs. On an average, the system...