The Global Financial Crisis: Causes and Cures

Global Imbalances and the Financial Crisis: Products of Common Causes

One of the main global economic concerns before the financial crisis was the presence of large “global imbalances,” which refer to the massive and persistent current account deficits experienced by the United States and financed by the periphery . This concern was intellectually grounded on the devastating crises often experienced by emerging market economies that run chronic current account de...

International Financial Crises: Causes, Prevention, and Cures

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Crisis Transmission: Global Financial Crisis

The aim of this paper is to explore, empirically, the channels of crisis transmission with regard to the Global financial crisis. EMP-based crisis proxy is used for eight countries, which include Argentina, Brazil, Canada, Indonesia, Japan, Korea, Mexico and Russia. The period considered for estimation was Q1 2001 Q2 2010. Based on the Vector AutoRegression (VAR) and Ordinary Least Squares (OLS...

The Causes of Japan’s Financial Crisis

Workplace Democracy and the Global Financial Crisis

The global financial crisis provides an opportunity for Australia to undertake reforms which will create a more democratic workplace. This will require a new social settlement between government, employers and unions which not only restores and extends collective bargaining rights but also strengthens workers’ legal rights to participate in decision making at the enterprise level. In the global...