In this paper, we study the quantitative measurement of contagion effect between US and Chinese stock market during the financial crisis by combining multifractal volatility (MFV) with the copula method. At first, we employ MFV to filter volatility of the twomarkets due to the existence of heteroskedasticity. Thenwe use an improved time-varying Clayton copula to estimate the dynamic lower tail ...

In recent years, crisis response has become cyberphysical in nature because of the increased use of computing technologies by the responders. As such, crisis preparedness requires objective evaluation of crisis response in addition to the traditional drills. This paper develops a generic Crisis Response Evaluation Tool (CRET) for off-line objective crisis response evaluation to improve prepared...

Greece has been suffering a severe crisis starting in about 2009. This paper examines the impact of the recent economic crisis in Greece on employee work-related attitudes via changes in regulatory focus. We collected data in a large and heterogeneous sample of employees (N = 1024) during the crisis and compared them with a matched sample of employees surveyed (N = 882) half a decade earlier, i...

Processes for crisis mitigation must permit coordination flexibility and dynamic change to empower crisis mitigation coordinators and experts to deal with the unexpected situations. However, such mitigation processes must also provide enough structure to prevent chaotic response and increase mitigation effectiveness. Such combination of structure and flexibility cannot be effectively supported ...

Keywords: Early warning system Currency crisis Perfect signal Artificial neural networks (ANN) Decision tree Logistic regression a b s t r a c t The purpose of this paper is to develop an early warning system to predict currency crises. In this study, a data set covering the period of January 1992–December 2011 of Turkish economy is used, and an early warning system is developed with artificial...

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 recent years, the European Union (EU) has progressively assumed more and more of a primary role in crisis response coordination. The EU Integrated Political Crisis Response arrangements (IPCR) were recently approved to facilitate this task. These new agreements, which substitute for the Crisis Coordination Agreements, will add more flexibility to crisis response mechanisms in the EU. They wi...