This paper presents three tests of contagion of the US subprime crisis to the European markets of the NYSE-Euronext group. Copula models are used to analyse dependence structures between the US’s and the other markets in the sample, in the pre-crisis and in the subprime crisis periods. The first test assesses the existence of contagion on the relevant markets’ indices, the second checks the hom...

Is credit expansion a sign of desirable financial deepening or the prelude to an inevitable bust? We study this question in modern US data using structural VAR model 10 monthly frequency variables, identified by heteroskedasticity. Negative reduced-form responses output growth are caused endogenous monetary policy response shocks. On average, and remain positively associated. “Financial stress”...

Since Greece’s 2008 economic collapse, four poetry anthologies on the financial crisis have been published. Editors, translators, publishers, and writers involved in production sale of for an Anglophone market benefit from construction this new literary category – be it financially or terms acquiring consolidating cultural capital. However, these function within a language landscape which Greek...

We investigate the international transmission of the financial crisis in 2008-2009 to Japanese firms by examining both the stock price responses to the crisis events and the changes in operating performance subsequent to the crisis. Both the stock price responses and ex-post operating performance consistently indicate that the crisis hit Japanese firms through the trade and liquidity channels. ...

In the study, effect of 2008 Global Financial Crisis on stock markets was investigated with empirical methods. The sensitivities market indices against CPI, CDS premium and 10-Year Bond Yield were estimated for pre-crisis post-crisis periods, results compared between developed developing countries. findings show that affected countries its severity sphere influence. it determined sensitivity so...