The impending crisis.

Clinical investigation...an impending crisis?

Bank CEO Optimism and the Financial Crisis∗

I test theories of the recent financial crisis by studying how banks’ pre-crisis investments connect to their CEOs’ beliefs. Using different proxies for beliefs, I find banks with larger housing investments and worse crisis performance had CEOs who were more optimistic ex ante. Banks with the most optimistic CEOs experienced 20 percentage points higher real estate loan growth, and 15 percentage...

Volatility prediction during prolonged crises: evidence from Korean index options

This paper examines KOSPI200 index option prices in order to investigate whether index option implied volatilities foreshadowed the 1997 economic crisis in Korea. Results indicate the absence of strong fears of an impending market downturn prior to the crisis. Put option implied volatilities rose sharply as the crisis intensified, however, and the difference between put and call implied volatil...

International consensus guidance for management of myasthenia gravis

OBJECTIVE To develop formal consensus-based guidance for the management of myasthenia gravis (MG). METHODS In October 2013, the Myasthenia Gravis Foundation of America appointed a Task Force to develop treatment guidance for MG, and a panel of 15 international experts was convened. The RAND/UCLA appropriateness methodology was used to develop consensus guidance statements. Definitions were de...

The critical care crisis in the United States: a report from the profession.

T he care of the critically ill patients accounts for 1% of the gross domestic product in the United States.1 The aging of the American population in the next 2 decades will increase the burden of acute and chronic illness and the demand for critical care services.2 The Leapfrog Group, a consortium of Fortune 500 companies, has identified critical care as a major factor in health-care quality.3...

Impending Doom: The Loss of Diversification before a Crisis

We present four methods of assessing the diversification potential within a stock market, and two of these are based on principal component analysis. They were applied to the Australian stock exchange for the years 2000 to 2014 and all show a consistent picture. The potential for diversification declined almost monotonically in the three years prior to the 2008 financial crisis, leaving investo...