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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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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?
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 ...
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...
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.

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