On the Epidemic of Financial Crises [PDF]
SummaryThe paper proposes a framework for modelling financial contagion that is based on susceptible–infected–recovered transmission models from epidemic theory. This class of models addresses two important features of contagion modelling, which are a common shortcoming of most existing empirical approaches, namely the direct modelling of the inherent ...
Demiris, Nikolaos +2 more
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The Impact of Financial Crises on the Informal Economy: The Turkish Case [PDF]
Turkey has a large informal economy and has been hit by severe financial crises causing a devastating impact on its economy. The main objective of this paper is to analyse the impact of financial crises on the informal economy in Turkey.
Neslihan Kahyalar +2 more
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Financial Institutions, Financial Contagion, and Financial Crises [PDF]
Financial crises are endogenized through corporate and interbank market institutions. Single-bank financing leads to a pooling equilibrium in the interbank market. With private information about one’s own solvency, the best illiquid banks will not borrow but rather will liquidate some premature assets.
Huang, H, Xu, C
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Examining Systemic Risk using Google PageRank Algorithm: An Application to Indian Non-Bank Financial Companies (NBFCs) Crisis [PDF]
In the recent financial crises, attention has shifted towards "too-central-to-fail" to recognize the sources of systemic risk. The NBFC Crisis of 2018-19 adversely affected other financial institutions and the real economy of India.
Anurag Chaturvedi, Archana Singh
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Financial globalization, financial crises and contagion [PDF]
Abstract Two observations suggest that financial globalization played an important role in the recent financial crisis. First, more than half of the rise in net borrowing of the U.S. non-financial sectors since the mid-1980s has been financed by foreign lending. Second, the collapse of the U.S.
Enrique G. Mendoza, Vincenzo Quadrini
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Banking crises and financial instability: Empirical and historical lessons [PDF]
The paper examines the importance of financial instability for the development of four Norwegian banking crises. The crises are the Post First World War Crisis during the early 1920s, the mid 1920s Monetary Crisis, the Great Depression in the 1930s, and ...
Ola Honningdal Grytten
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TYPES OF FINANCIAL CRISES [PDF]
In the context of globalization and internationalization of the financial markets, issues resulting from financial crises are becoming increasingly serious and substantial, creating a lot of discussion among experts, worldwide.
MERI BOSHKOSKA
doaj
Interaction between Trade Flows and Contagion of Financial Crises in Emerging Market Countries: Approach of Simultaneous Equations with Discrete Dependent Variable in Panel Data [PDF]
Financial crises have been frequently occurred in the global economy, and due to the negative impacts of financial crises on the real sectors performances, the economists tried to predict them.
Mehdi Yazdani, Ali Esmaeili
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Financial Crises and Political Crises [PDF]
Abstract The simultaneous determination of financial default and political crises is studied in an open economy model. Political crises accompany default in equilibrium because of an information transmission conflict between the government and the public.
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Financial liberalization and capital adequacy in models of financial crises [PDF]
We characterize the effects of financial liberalization indices on OECD banking crises, controlling for the standard macro prudential variables that prevail in the current literature.
Ventouri, A, Karim, D, Barrell, R
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