The Macro-Prudential Measures Taken in Turkey Following the 2008-2009 Global Financial Crisis

BRIC dynamic conditional correlations , portfolio diversification and rebalancing after the global financial crisis of 2008 – 2009

Financial liberalisation has offered global investors with new investment opportunities via international portfolio diversification. Proper investment planning as well as portfolio diversification and rebalancing require low correlations between the assets under consideration. In general, correlations between countries have increased during the global financial crisis due to contagion, interdep...

crisis: in search of externalities for macro prudential supervision

India in 2009: Global Financial Crisis and Congress Revival

The past year was a momentous one for India. The country navigated through the shoals of an unprecedented global financial crisis with only modest negative impact, and successfully continued the world’s largest exercise in democracy. The 15th general election in April-May 2009 saw the venerable Congress Party return to power with a large mandate. On the external front, although ties between Ind...

the crisis of identity in jhumpa lahiris fiction: interpreter of maladies and the namesake

شکل گیری هویت(identity) مقوله مهمی در ادبیات پراکنده مردم(diasporan literature) می باشد. آثار جومپا لاهیری(jhumpa lahiri) ، نویسنده هندی آمریکایی، در سالهای اخیر تحسین منتقدین را به خود معطوف کرده است. وی در این آثار زندگی مهاجران و تلاش آنان برای پیدا کردن جایگاهشان در یک فرهنگ بیگانه را به تصویر کشیده است. این تجربه همواره با احساساتی نظیر دلتنگی برای گذشته، بیگانگی و دوری همراه است. با این ح...

Update on the Financial Crisis of 2008–???

In an earlier paper in this journal (Murphy, 2009), I explained the nature of the financial crisis of 2008 and how the effects of it would be very costly long-term because of the failure of government policies to deal with it effectively. Here I provide an important update and perspective for the future. As I indicated in a brief report published in October 2008 in the Oakland Press (Murphy, 20...