The current financial crisis is not a singular event in the history of crisis episodes. The essential difference between past episodes of financial turmoil and the actual crisis is the unprecedented severity, the pace of contagion and its global size. Financial markets have been seriously...

Maintaining robustness and stability of a financial system, independent of the degree of development of a specific country, has always constituted a matter of concern for decision makers. At present, this concern has transcended national borders, as financial markets have become increasingly...

Worldwide governments perform considerable financial efforts to support financial sector and the re-launch of lending. The mechanisms vary from the guarantee and purchase of troubled assets till injecting liquidity, by buying securities issued in order to increase financial institutions' equity....

The current financial crisis has reopened debate on the need to improve the regulatory and supervisory framework, both internationally and throughout Europe and led to calls for action from the authorities, aimed, on one hand, to strengthen supervision on financial institutions and, on the other...

Our study aimed to assess the degree of heterogeneity of the macroeconomic framework of the 27 EU member countries, against the background of turmoil manifested in the international financial markets. In this regard, we applied a hierarchical cluster analysis technique, for two moments of time,...

The financial crisis has revealed a series of weaknesses and gaps of the supervision of the financial system. The conclusions of the different reports aiming to discover the causes of the crisis, that were prepared by organizations and authorities with prerogatives in this field, were followed...