After a remarkable increase in the previous decade, world trade has been experiencing a dramatic fall in recent months. Vertical production chains have become a ‘propagation mechanism’ for these dramatic shifts. This article is based on recent research on vertical production chains...

In this article, the authors study the consequences of financial crises in Argentina, Brazil, South Korea, Malaysia, Mexico, Thailand, and Turkey and present an attempt to identify winners and losers during and after the crises. Through empirical analysis, the authors find that financial crises...

The literature on the outcomes of the financial crisis in low- and middle-income countries in the post-1980 era presents three broad findings: first, the burden of crises falls disproportionately on labor in general and low-income segments of the society in particular. Wages and the labor share...

Globalization has its own problems. Though, it was brought as a solution to many issues and going to be a life changer. It was like that but along with that, globalization has integrated the world and any problem coming to one corner gets percolated to other corners of the world soon. In stock...

In the global credit crisis of 2007–08, the financial system escaped human control and became unstable, with near-catastrophic consequences. The underlying processes driving this instability may be traced to: positive feedback between asset price inflation and increasing leverage;...

This article extends previous research by the authors on the spatial and temporal evolution of housing values across the United States to examine the impact of the 2007 financial crisis. The specific goals are to (a) document certain pre- and postcrisis trends in the nation’s economic...

This paper analyses the impact of the global financial crisis on India. Contrary to early beliefs, India was significantly affected by this crisis through the trade and financial channels. Moreover, India was at an especially vulnerable point when the crisis hit as it was already experiencing an...

The authors analyze the financial situation of the Spanish football industry. They first argue that a relevant analysis of the industry's financial results relies on a careful description of how historical and cultural factors have influenced its organization. Moreover, they stress the important...

The Italian football industry has recently grown at a pace that was never experienced before, boosted by the entrance of pay TV into the business. Nevertheless, Italian football has recently sunk into a deep financial crisis, which has caused bankruptcy for some clubs and strong downsizing for...

The near-collapse of the country’s largest financial institutions and the forced nationalisation of two major high-street banks raise concerns about the ability of smaller financial institutions to survive. In this article we assess the performance of a credit union in the South Wales...