We wonder whether different game experiences are associated with significant differences in experimental behavior and, more specifically, whether expert bridge players, due to their habit of playing with partners and seldom for money, are more likely to adopt cooperative behavior than expert...

This paper investigates the effects of financial institutions issuing contingent capital, a debt security that automatically converts into equity if assets fall below a predetermined threshold. We decompose bank liabilities into sets of barrier options and present closed-form solutions for their...

This paper examines the relative importance of the global and regional markets for financial markets in developing countries, particularly during the US financial crisis and the European sovereign debt crisis. Specifically, we examine the way in which the degree of regional (seven African...

Our study attempts to discover pure contagion or interdependence amongst the Asian equity markets (China, India, Taiwan and South Korea) due to the shocks stemming from eleven major crises around the world. We apply wavelet decomposition in both its discrete and continuous forms to unveil the...

2007–2008 US financial crisis adversely affected the stock markets all over the world.  Asian markets also came under pressure and were differently affected. As markets under stress could reveal features that remain hidden under normal conditions, we use MF-DFA technique to investigate the...

The Author explores the Italian prospects of a new period of development, in the aftermath of the crisis. He analyses the obstacles that in the past have thwarted a satisfactory expansion of our economy on the international markets. He considers the constraints within which the Italian policy...

The paper aims to analyze the European economic scenario and to provide forecasts about the future of the common currency, the euro, at the light of the recent economic and financial crisis. At first, the paper discusses the theoretical background used to explain thecrisis. Then it illustrates...

The paper illustrates how the Government role has recently evolved, specifically focusing on the 2008 financial crisis. First, we analyze the Government responsibilities in triggering the crisis, by bloating the supply of credit. We discuss emerging countries' expansionary monetary policy, in...

Previous studies have tried to make a comparative analysis between the market-oriented system and the mixed governance system on the determinants of stock option awards for managers; however, these studies exhibit some failures that must be overcome. In addition, we note the absence of studies...