terminated due to a crisis. Our benchmark model shows that incentives decrease in a severe crisis, but are boosted given a minor … crisis since efforts are strategic complements in the former case but strategic substitutes in the latter one. We tested our … predictions in a laboratory experiment. The results confirm the effort ranking but show that in a severe crisis individuals …

This paper discusses the underpinnings of the financial crisis of the last decade in post-transition countries. It … explores the endogenous reasons of this crisis, and in particular a possible link between delayed and unequal growth of … household incomes on the one hand and the instability of the growth and depth of recession after the financial crisis on the …

of the euro area crisis in the summer and fall of 2011, these events weakened the banking system which was vulnerable due … to its exposure in Greece. Rather than deal with its ?scal crisis, the government secured a loan from the Russian … the February 2013 election. The strategy succeeded in delaying resolution of the crisis and avoiding short-term political …

' sovereign exposures and their effects during and after the crisis. First, public, bailed out and poorly capitalized banks …

The scientific reassessment of the economic role of the state after the crisis has renewed interest in Abba Lerner … effectiveness of tackling the crisis with the different part of public budget. It also allows us to understand ways of increasing …

to the 2008 crisis and to determine whether the ex-ante differences in corporate financial structure had an impact on the … severity of the 2008 financial crisis in European countries. The analysis confirms a negative relationship between the … corporate debt ratio prior to the crisis and crisis-induced contractions in corporate investment and GDP. The results indicate a …