A network analytic approach to the study of organizational response to crises is used to determine the existence and form of integrated crisis management units (ICMU). ICMUs are network organizations that emerge in response to severe crises such as major oil spills, earthquakes, hurricanes and other natural and man made disasters. Although ICMUs have received considerable attention from scholar...

In the wake of the 2008 financial tsunami, existing methods and tools for managing financial risk have been criticized for weaknesses in monitoring and alleviating risks at the systemic level. A 2009 article in Nature suggested new approaches to modeling economic meltdowns are needed to prevent future financial crises. However, existing studies have not focused on analysis of systemic risk at t...

In the wake of the 2008 financial tsunami, existing methods and tools for managing financial risks have been criticized for weaknesses in monitoring and alleviating risks at the systemic level. A 2009 article in Nature suggested new approaches to modeling economic meltdowns are needed to prevent future financial crises. However, existing studies have not focused on analysis of systemic risk at ...

Risk management is the underlying paradigm necessary to mitigate the impact of adverse outcomes such as financial crises, energy shortages, oil disasters, global supply chain disruptions, and a myriad of other potentially catastrophic large-scale system failures. This seminar series serves as a platform to bring together diverse perspectives, problem definitions and solutions that transcend dis...

This paper takes an asset pricing perspective to investigate the equity market comovement and contagion at the sector level during the period 1990-2004 across the regions of Europe, Asia, and Latin America. It examines whether unexpected shocks from a particular market, or group of markets, are propagated to the sectors in other countries. The results confirm the sector heterogeneity of contagi...

Recent spikes in oil prices have thrown light on how economic activity in emerging markets may be impacted by oil price shocks. This paper conducts an empirical analysis of the effect of oil price shocks on emerging markets. It tests for the existence of an asymmetrical relationship between oil prices and economic activity using a model developed by James Hamilton. It also assesses the impact o...

This paper explores how oil price shocks a ect scal policy and macroeconomic performance in an oil exporting small open economy. In this type of economy, oil price shocks in uence scal policy because they have nontrivial e ects on the government's budget constraint. On one hand, oil price shocks a ect revenue directly as oil revenue constitutes a large share of total revenue. On the other hand,...