While the form of crises may change, their essence remains the same (such as a cycle of abundant liquidity, rapid credit growth, and a low-inflation environment followed by an asset-price bubble). The current market turbulence began in mid-2000s when the US economy shifted to imbalanced both internal and external macroeconomic positions. We see two key causes of these problems – loose US moneta...

The paper studies the statistical correlation between the return on assets and some measures of financial balance. The research relies on the assumptions that the financial balance influences most of the indicators of performances of a company. Therefore, we chose the return on assets as dependent variable, as it represents the final result of the company’s business. As independent variables, m...

At the turn of the century Turkish economy was meltdown due to the one of the harshest crises experienced throughout her history. Since then, thanks to very strict measures taken by Turkish government, the economy proceeded to the recovery period. This period, however, seems to be interrupted once more again by 2008-2009 global financial crisis. In this study, we assess the financial performanc...

In response to the financial crisis of 2008, the Federal Reserve radically increased the monetary base. Banks responded by increasing excess reserves rather than increasing bank loans, and the public responded with a substantial flight to liquidity in the form of currency and demand deposits. As a result, the money-supply multipliers substantially decreased, so that the actual money supply meas...

hile the term “the Great Recession” has been loosely applied to almost every economic downturn in the past twenty years, the crisis of 2007-09 has—more than most recessions—lived up to that name. The crisis has been felt across virtually all economic sectors and in all parts of the world. Still, if its effects have been widespread, its origins were narrower: the crisis had its roots in the fina...

Many comparative political economists hold that market performance depends on the presence of institutional complementarities. Some argue that when institutions reinforce similar incentives markets work best. Others disagree and argue that for markets to function well institutions must compensate for each other’s shortcomings rather than reinforce each other’s incentives. This paper uses eviden...

BACKGROUND The 2007-2008 global financial crisis had adverse consequences on population health of affected European countries. Few contemporary studies have studied its effect on perinatal indicators with long-lasting influence on adult health. Therefore, in this study, we investigated the impact of the 2007-2008 global financial crisis on low birth weight (LBW) in Portugal. METHODS Data on 2...

The character Gordon Gecko in the film “Wall Street” lived by the mantra “Greed is Good.” The events that unfolded toward the end of 2008 exposed in dramatic fashion the downside to greed and led to the worst global economic crisis since the Great Depression of the 1930s. Economic contagion in the US spread rapidly as many countries experienced failures in key businesses, declines in consumer w...

Though the growth of the industrial sector started to slowdown in the first half of 2007-08, the overall growth during the year remained as high as 8.5 per cent. The industrial sector witnessed a sharp slowdown during 2008-09 as a consequence of successive shocks, the most important being the knock-on effects of the global financial crisis. The pace of slowdown accelerated in the second half of...