Like the rest of the world, Spain has suffered frequent financial crises and undergone several changes in its regulatory framework. There have been crises that have been followed by reforms of the financial structure, and also troubled financial times with no modification of the regulatory and...

The financial crisis erupted in 2007 caused disruptions on the others markets and then was followed by economic recession. This article present the explanations provided by economic theories about the main consequences of the greatest financial crises on the economy, form XIX century till today....

Our paper analyzes the current financial crisis starting with some recent developments and reactions in the field of accounting. We find that involved parties within the financial system naturally look for a “scapegoat” instead of dealing with reality. Moreover, they try to avoid regulations...

Given the present economic situation the subject regarding the propagation mechanisms of financial crisis is of present interest. In these mechanisms, investor behaviour seems to be one of the propagation’s causes, and that’s why we think that the study of inventors’ types of behaviour...

This paper presents the evolution of construction and real estate sectors in Romania in the context of current financial crisis, highlighting the internal and international economic climate. The evolutions of the main macroeconomic indicators and sectoral factors of influence on them are...

We investigate the information content of aggregate stock market liquidity and ask whether it may be a useful realtime indicator, both for financial stress, and real economic activity in Norway. We describe the development in a set of liquidity proxies at the Oslo Stock Exchange (OSE) for the...

The current episode (2007-09) may well be the first time since Latin America gained its independence in the early 1800s that a major economic contraction and financial calamity in the industrialized world has not caused a wave of currency, sovereign debt or banking crises in the region. What...

This paper studies the impact of global financial turmoil on the exchange rate policies in emerging countries. Many emerging countries have loosened the link of their currencies to the US dollar since the bursting of the subprime crisis in July 2007. Spillovers from advanced financial markets to...

Even though the FX market is one of the most liquid financial market, it would be an error to consider that it is immune against any liquidity problem. This paper analyzes on a long sample (2000-2009), the all set of quotes and transactions in three main currency pairs (EURJPY, EURUSD, USDJPY)...

Este artículo examina la descripción de crisis económica en "The New York Times" con ejemplos de artículos que aparecieron en los años 2008 y 2009. Hay tres dimensiones en que es descrita la crisis como evento; una de ellas es como un movimiento o desarrollo de extensión internacional o...