AcADEMIC LIBRARIES are in crisis, and it appears that the larger the library, the larger the crisis. The major need for charting a course to a successful future is definition of fruitful objectives. Such objectives as library support of and coordination with its institution's programs are no longer sufficient; these rationalized goals of the past are inadequate for the future. To establish usef...

The goal of this paper is to present the elements of the issues of crisis management modeling. Knowledge of these elements is essential for the creating models of crisis management. At the beginning it is paid the attention to the ideas of theory of chaos that have been applied to crisis management. It also points to the need for the concept of the organization as a system. Furthermore, it deal...

Due to the integration and interrelatedness of the global economy in recent decades, the onset of financial crisis from the U.S. economy and its diffusion to the other global economies has led to the most important events and global financial crisis at the beginning of the third millennium. This investigation aims to examine the impact of financial distress on tax avoidance of the listed compan...

Recently the world economy was confronted to the worst financial crisis since the great depression. This unprecedented crisis started in mid-2007 had a huge impact on the European government bond market. But, what are the main drivers of this “perfect storm” that since 2009 affects EU government bond market as well? To answer this question, we propose an empirical study of the determinants of t...

This paper investigates credit supply endogeneity in the Italian environment from 1999 to 2009. The study aims to shed more light on the relationship between securitization and the Italian monetary transmission mechanism during the two most recent financial crashes: the dot-com bubble burst (1998-1999) and the subprime mortgage crisis (2008-2009). Recently many works are focused on how securiti...

This paper studies financial crisis of listed companies in China Manufacture Industry, and selects 181 companies with financial crisis and 181 normal companies as its research samples, and its research is based on financial indexes three years before the financial crisis happens. Firstly the method of principle component analysis is used to abstract useful information from the training data. Se...

In this paper we study the link between liquidity, firms’ access to external finance, and the real economy. We show that there is a feedback mechanism from collateral requirements to the fire-sale price of capital goods. As a result, an “abnormality” appears whereby supply and demand for liquidity both slope in the same direction. This generates a “multiplier” that amplifies the effect of exter...