In this article, the author characterizes the financial crisis in Portuguese football on the basis of data published by Deloitte and Touche in its annual reports on the financial ramifications of the sport in Portugal. A strategy to be applied to the case, with a view to improving the clubs'...

Currently, professional football in Europe is in a deep financial crisis. Amidst the five major European leagues (England, France, Germany, Italy, Spain), only France is not in a bad situation despite this country suffering from a low level of the demand from fans and a weakness in the urban...

This paper examines East Asian equity market linkages in and out of the Asian and global financial crises using a novel econometric approach. The market dependence structure and shock transmission mechanism are explored spatially in the time domain, thus offering new insights into the dynamic...

This article outlines the issue of the influence of the described crisis on the functioning of the oldest and biggest stock exchanges.

The global financial crisis and the response to it have contributed to a sharp increase in public indebtedness in a large number of countries. While there have been episodes of high debt in the past, there are a number of long-term challenges today that are likely to complicate the...

This paper focuses on a systematic quantitative discussion of the short- and long-term impact of remarkable economic events on international trade in a two-stage framework. Firstly, procedures based on dummy variables are proposed to detect structural breaks, types and sizes of jumps caused by...

The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors. The crisis has called for revisiting monetary and fiscal policy and has brought to light a number of deficiencies in financial regulation and architecture. The...

This paper argues that the global macroeconomy has been highly unstable. The combination of undervalued exchange rates in East Asia and the use by the US of monetary policy to ensure a steady growth led to an outcome in which interest rates fell a great deal. In the presence of a highly...