Using a large panel of UK manufacturing firms over the period 2000–9, we consider how firms responded during the most recent financial crisis, estimating models for export market participation decisions and firm growth and survival. The results indicate that financial variables are highly...

The study presents an early warning system for predicting banking fragility in India. Using the index method, distress episodes in the banking system are identified during 1994–2007. On the basis of standard tools of probit regression models, the results indicate growing interlinkages of...

After a remarkable increase in the previous decade, world trade has been experiencing a dramatic fall in recent months. Vertical production chains have become a ‘propagation mechanism’ for these dramatic shifts. This article is based on recent research on vertical production chains...

In this article, the authors study the consequences of financial crises in Argentina, Brazil, South Korea, Malaysia, Mexico, Thailand, and Turkey and present an attempt to identify winners and losers during and after the crises. Through empirical analysis, the authors find that financial crises...

The literature on the outcomes of the financial crisis in low- and middle-income countries in the post-1980 era presents three broad findings: first, the burden of crises falls disproportionately on labor in general and low-income segments of the society in particular. Wages and the labor share...

In the global credit crisis of 2007–08, the financial system escaped human control and became unstable, with near-catastrophic consequences. The underlying processes driving this instability may be traced to: positive feedback between asset price inflation and increasing leverage;...

This article extends previous research by the authors on the spatial and temporal evolution of housing values across the United States to examine the impact of the 2007 financial crisis. The specific goals are to (a) document certain pre- and postcrisis trends in the nation’s economic...

This paper analyses the impact of the global financial crisis on India. Contrary to early beliefs, India was significantly affected by this crisis through the trade and financial channels. Moreover, India was at an especially vulnerable point when the crisis hit as it was already experiencing an...

The authors analyze the financial situation of the Spanish football industry. They first argue that a relevant analysis of the industry's financial results relies on a careful description of how historical and cultural factors have influenced its organization. Moreover, they stress the important...

The Italian football industry has recently grown at a pace that was never experienced before, boosted by the entrance of pay TV into the business. Nevertheless, Italian football has recently sunk into a deep financial crisis, which has caused bankruptcy for some clubs and strong downsizing for...