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Financial crisis and the relative productivity dynamics of the biotechnology industry:Evidence from the Asia-Pacific countries
Asia-Pacific biotechnology catch-up generalized metafrontier Malmquist productivity index
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2017/2/21
The dynamics of the corporate-level performance growth can reflect the pattern of the firms’ reaction at the financial crisis moment. We employed the generalized metafrontier Malmquist productivity in...
Adaptation strategies for the Greek agricultural cooperatives during the economic crisis
investments liquidity resilience
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2016/1/29
Because of the Greek economic crisis, almost all businesses are facing difficult times with severe consequences for employment and the whole economy. Responding to the economic crisis, the companies c...
Sustainability of Microfinance Institutions in Financial Crisis
Financial crisis MFIs Microcredit Microfinance
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2016/1/26
The aim of this paper is to clarify the problems of microfinance and the sustainability of microfinance institutions (MFI) in financial crisis. We find, that MFIs are often considered as one of the mo...
Financial Crisis, Fall and Financial Theory
Financial Crisis Financial Theory
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2016/1/26
Dear readers, in September, the summer holiday ended, then the time for autumn has began and financial crisis has visited us. On 15th September, 2008 Lehman Brothers Holdings Inc. announced it intende...
Sovereign Default and Repudiation: The Emerging-Market Debt Crisis in U.S. States, 1839-1843
Sovereign Default Repudiation
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2015/9/22
n 1841 and 1842, eight states and the Territory of Florida defaulted on their sovereign
debts. Traditional histories of the default crisis have stressed the causal role of the depression
that began ...
Global Banks and Crisis Transmission
Banking Integration Co-movement Financial Globalization
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2015/9/21
We study the e ect of nancial integration (through banks) on the transmission of international
business cycles. In a sample of 20 developed countries between 1978 and 2009 we nd that, in periods
w...
Lessons of the Financial Crisis for the Design of the New International Financial Architecture
Financial Crisis International Financial Architecture
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2015/8/3
Thank you for inviting me to give this keynote address. In my remarks at the
policy panel earlier today (“The 2002 Uruguayan Financial Crisis Five Years Later”) I
spoke about the details of the Urug...
The 2002 Uruguayan Financial Crisis: Five Years Later
economic political
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2015/8/3
Thank you for inviting me to Montevideo today. It is a pleasure to be here to
participate in this five-year anniversary of the resolution of the financial crisis of 2002,
and the remarkable recovery...
The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong
Financial Crisis the Policy Responses
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2015/8/3
What caused the financial crisis? What prolonged it? Why did it worsen so dramatically
more than a year after it began? Rarely in economics is there a single answer to such
questions, but the empiri...
Remarks at a Panel on the Monetary Policy Implications of the Global Crisis
Monetary Policy Global Crisis
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2015/8/3
These remarks examine the implications of the global financial crisis for monetary
policy. I speak mainly from the perspective of monetary policy in the United States where I have
done most of my re...
Does the Crisis Experience Call for a New Paradigm in Monetary Policy?
New Paradigm Monetary Policy
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2015/8/3
Does the Crisis Experience Call for a New Paradigm in Monetary Policy?
Getting Back on Track: Macroeconomic Policy Lessons from the Financial Crisis
Macroeconomic Policy Financial Crisis
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2015/8/3
This article reviews the role of monetary and fiscal policy in the financial crisis and draws lessons
for future macroeconomic policy. It shows that policy deviated from what had worked well in the
...
Lessons from the Financial Crisis for Monetary Policy in Emerging Markets
Monetary Policy Emerging Markets
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2015/8/3
I am honored to give this lecture in memory of L.K. Jha. It is a particular privilege to
deliver it at this Platinum Jubilee celebration of the Reserve Bank of India. L. K. Jha was a truly
outstandi...
Comments on the ‘Global Effects of Fiscal Stimulus During the Crisis’ by Charles Freedman, Michael Kumhof, Douglas Laxton, Dick Muir, Susanna Mursula
Douglas Laxton Dick Muir
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2015/8/3
The paper by Freedman, Kumhof, Laxton, Muir, and Mursula makes effective use of simulations of a very
large macroeconomic model to estimate the impact of discretionary fiscal policies, including the ...
Origins and Policy Implications of the Crisis
Origins Policy Implications
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2015/8/3
Origins and Policy Implications of the Crisis.