Overview

Financial crises aggravated by high-leveraged financial institutions and/or heavily indebted private agents occur rarely but their economic impacts are severe: firms go bankrupt, credit crunch emerges, unemployment rises dramatically and sovereign debts sour. Like severe natural disasters their forecast is difficult if not impossible. Nonetheless, the literature on financial crises, in particular on the global financial crisis 2007-2009, is already voluminous. The overall picture this literature is painting regarding the emergence and propagation of the latest crisis is rather well researched and main insights are broadly accepted. However, there are some specific aspects of crisis causation, crisis management and the economic impacts of severe financial crises which are not well addressed so far. This book discusses the topics of contagion in emerging stock markets during the Asian and Latin American crisis and the relationship between the executive compensation structure and the banks' riskiness of asset portfolios.

Full Product Details

Author:   Karl Farmer
Publisher:   Nova Science Publishers Inc
Imprint:   Nova Science Publishers Inc
Weight:   0.592kg
ISBN:  

9781622572960

ISBN 10:   1622572963
Pages:   242
Publication Date:   11 January 2013
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Preface; Inside the Eye of the Typhoon: What Caused the Global Financial Crisis?; The Financial Crisis 2007-2009 from a Schumpeterian and Neo-Austrian Perspective; Financial Crises and Emerging Stock Market Contagion; The Effect of Executive Compensation Structure on the Riskiness of Banks' Asset Protfolios: A Multivariate Approach; Market-Orientated Regulation of Financial Markets; Competition Policy in Times of Economic Crisis; The Macroeconomic Costs of Alternative Fiscal Responses to Financial Crises; MNCs, Global Financial Crisis, and Human Rights: Beyond the 'Washington Consensus'; Balance of Payments Crises in a Currency Union; Global Recession and Resilience of Bangladesh: An Analysis; Recession, Skills and National Development: The South African Case; From Overhang to Hangover: Consequences of Protectionist Responses to the Global Crisis for Low-Income Countries; The Public-Debt Legacy of Financial Crises: Long-Run Terms of Trade and Welfare Impacts; Index.

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