Alleviating poverty is among the most laudable aim of the Millennium Development Goals. However, policies aimed at alleviating poverty could only be successful if they are underpinned by clear understanding of mechanisms which contribute to poverty incidences and distributions. This study seeks to investigate the effect of major capitalist crises, such as the Asian financial crisis on health di...

We review the literature on the effects of aggregate crises on human biological outcomes. The crises we consider are acute, severe, and unexpected negative events occurring at the population level: recessions, famines, epidemics, natural and environmental disasters, and wars. Our review of the literature suggests that the effects of aggregate crises on human biology are pervasive and longlasting.

Banking crises are usually followed by a decline in credit and growth. Is this because crises tend to take place during economic downturns, or do banking sector problems have independent negative effects on the economy? To answer this question we examine industrial sectors with differing needs for financing. If banking crises have an exogenous detrimental effect on real activity, then sectors m...

The process of financial globalization has given rise to an increase in the frequency of financial crises. With it, there has also been a surge in research about financial crises. One of the key questions in this area is whether crises are triggered by fundamentals or come as a result of panic. Observing real-world events, many prominent researchers, including Friedman and Schwartz (1963) and K...

I am particularly glad to introduce the discussions of this panel today. Establishing the banking union constitutes a key step to reinforce the European integration and marks a major milestone in European history. The National Bank of Belgium strongly supports the banking union and its single supervisory mechanism which, if well implemented, will lead to a sound and robust supervisory model and...

In this paper we provide new evidence about the relationship between financial crises and economic situation for different countries which belong to the OECD and emergent economies of Latin America and Asia. The results show new support to the different influence of economic situation according to the type of financial crises. Aggregate data and panel techniques are used taking into account the...

A crisis in chaotic dynamical systems is characterized by the conversion of a nonattracting, Cantorset-like chaotic saddle into a chaotic attractor. The gaps in between various pieces of the chaotic saddle are densely filled after the crisis. We give a quantitative scaling theory for the growth of the topological entropy for a major class of crises, the interior crisis. The theory is confirmed ...

The main purpose of this study is to provide a detailed statistical overview of the time and regional distribution, relative timing occurrence of economic crises and government changes in 51 economies over the 1990–2007 periods. At the same time, the predictive power of the economic crises on set government changes will be examined using “signal approach”. The result showed that the percentage ...

As the 2008 Global Financial Crisis shows, economic crises impact not only international migrants but also their countries of source and destination. However there is an earlier episode – the Great Depression of the 1930s – in the context of Chinese migrants to Southeast Asia where important lessons can be drawn. This paper shows that the major issues raised then are as germane today even thoug...

The study investigated the effects of communal crises on selected crops production among farmers in Langtang North local Government Area of Plateau State, Nigeria. Multi-stage sampling technique was adopted; four local government areas were selected in each of the local government selected, four villages affected by communal crises were selected purposively. In two of the villages selected, 24 ...