This paper addresses the relationship between financial crises associated with foreign capital flows on the one hand and the wellbeing of children in emerging market countries on the other. The literature on child welfare in crises suggests that the level of employment and labour incomes are the key linkage, because these constitute the major component of the incomes of poor families and affect...

The impacts of product-harm crises on other firms in the same category are complex considering the combined spillover and customer encroachment effects. With responding to both effects, non-focal companies may adjust their social media strategies to attenuate the negative influence from product-harm crises and to exploit the benefit from their competitor’s misfortune. Using daily social media a...

E VERYONE is painfully aware that we are in the middle of a major global economic and financial crisis. During a visit to the London School of Economics late last year, Queen Elizabeth ll asked why no economists had forecast the crisis. But indeed some had sounded warnings. A more interesting question is why no one, including policymakers, was inclined to listen. Perhaps the most important reas...

This paper investigates the interdependence of US dollar exchange rates expressed in other major currencies. Focusing on different phases of the Global financial crisis (GFC) and the Eurozone Sovereign Debt Crisis (ESDC), we adopt a dynamic conditional correlation model into a multivariate Fractionally Integrated Asymmetric Power ARCH (FIAPARCH) framework, during the period 2004–2011. The findi...

There were hardly any banking crises between 1939 and 1971, so their later reemergence came as a surprise. Central bank supervisors responded practically by discovering and encouraging the adoption of current best practice in risk management by individual banks, without much theoretical input, whereas economists have mostly focused on models which abstract from default. But default is central t...

Recent emerging market crises have emphasized the fluctuating character of trade’s reaction after financial crises, in contradiction with the apparently simple theoretical impact of such events on trade, which is essentially described by the well-known J-curve mechanism.. We use a gravity-like equation to assess the impact of these events on bilateral sectoral trade and reveal the elements whic...