The East Asian economic zone is well known for its highly integrated manufacturing system that was initialized and is driven by the market mechanism. As participants in a common production sharing network, East Asian economies are highly interdependent. Externally, advanced economies in the West...

Main target of this study is to set a model that will make predictions based upon financial statements and companies’ rate of stock return in crisis periods when economic indicators are at high level and show sudden changes and to develop an artificial neural network model that has...

The aim of this study is to identify and quantify factors which influenced exporting firms' performance during the last global financial crisis. A structured questionnaire is utilized to interview a sample of Greek exporters. The survey generated a unique dataset describing the firms'...

After rapidly cutting short-term interest rates to their effective lower bounds during the financial crisis of 2008–09, central banks in the USA and UK turned to quantitative easing (QE) in order to sustain aggregate demand and avoid a Japanese style deflationary spiral. The European...

Financial market crises with the threat of a subsequent debt-deflation depression have occurred with increasing regularity in the United States from 1980 through the present. Almost reflexively, when confronted with such circumstances, US institutions and the policymakers that run them have...

This paper investigates the determinants of bank funding costs for a sample of internationally active banks from 2001–12. We find that changes in banks’ unsecured funding costs are associated with bank-specific characteristics such as an institution’s credit worthiness and...

Developments during the global financial crisis have highlighted the importance of differentiating across financial systems and institutions. Assessments of financial stability have increasingly considered the characteristics of individual banks within a financial system, as well as those with...

We identify current challenges for creating stable, yet efficient financial systems using lessons from recent and past crises. Reforms need to start from three tenets: adopting a system-wide perspective explicitly aimed at addressing market failures; understanding and incorporating into...