Financial Crisis and Economic Performance: Introduction

Financial Markets during Economic Crisis

Contemporary financial depression of the financial markets proves high fluctuations of the prices of the stocks. These fluctuations have considerable impact on the values of the financial portfolios. Classical approaches to modeling of the behavior of the prices of the stocks may produce wrong predictions of their future values. That is the reason why we introduce in this paper the fractal mark...

Introduction – Financial Crisis, Austerity, and Electoral Politics

We are pleased to present this issue of JEPOP which is a special issue on the topic of how the financial crisis in Europe has changed the electoral politics of some of the most deeply affected countries. We are delighted to welcome on board Pedro C. Magalhães as guest co-editor for this issue. Pedro is principal researcher at the Institute of Social Sciences of the University of Lisbon, Portuga...

Economic Growth, Over-investment, and Financial Crisis

Japan’s Financial Crisis and Economic Stagnation

T he recent Japanese economic experience has been dismal. Growth has collapsed, deflation has taken hold and the financial system is in shambles. We begin our story by documenting the macroeconomic troubles that appear to have triggered the collapse of Japan’s financial sector. We argue, however, that the macroeconomic factors alone are not likely to explain the full extent of the problems in t...

Economic theory and the financial crisis

I want to probe in the role of the market in allocating resources in this very preliminary essay. One does not have to study deeply to that the failure of markets for various kinds of derivative securities to perform properly is an essential element of the current financial crisis. Actually, financial crises are not a new phenomenon. The history of capitalism has been marked by repeated collaps...