M any Asian economies are now experiencing economic hardship , their troubles stemming in part from crises in their banking sectors. Given the important role the banking sector plays in these economies, resolution of their banking crises is a vital first step toward resuming economic growth. Unfortunately, the steps taken so far to resolve their banking problems appear inadequate. Many observer...

Reports of the effects of the global economic crisis continue to dominate the headlines. In the United States, large drops in the housing market and a glut of risky mortgages have led to a spate of foreclosures. Many households have seen their retirement savings depleted as stock values have plummeted. Rising unemployment threatens the economic security of a growing number of families. How are ...

In early May, widows of men who killed themselves began marching on tax offices in Bologna, Italy. Their protest? Austerity and tax collection put their husbands at risk. This is the first grassroots movement on mental health in Europe responding to what has been recently dubbed ‘suicide by economic crisis’. But not everyone agrees with these widows’ interpretation of events. Although articles ...

This paper studies the postwar economic and political reconstruction in Lebanon. The paper shows that the ‘reconstruction boom’ was short-lived. The economy experienced a growth trap early in the reconstruction period, and entered a cyclical crisis in 1998 which resulted from an ill-designed fiscal-monetary policy mix. The expansionary fiscal policy resulting from the high resource demands – du...

BACKGROUND The interactive effect of personal factors and social factors upon suicide risk is unclear. We conducted prospective cohort study to investigate whether the impact of the economic crisis in 1997-1998 upon suicide risk differed according to Neuroticism and Psychoticism personality traits. METHODS The Miyagi Cohort Study in Japan with a follow-up for 19 years from 1990 to 2008 has 29...

While some observers have argued that the Asian economic crisis of the late 1990s is over, there seems to be little consensus regarding the origins, causes, and impacts of the events that transpired. This should not be too surprising, given that the economic and political turmoil of the period between 1997 and 1999 was suciently profound as to provoke a renewed round of debate on many contenti...

On using monetary policy for macro-economic regulation, after the 1930s Great Depression when effective demand insufficiency emerges, Keynesianism proposes that proactive fiscal and easy monetary policies shall be introduced. His proposal is later adopted in Roosevelt’s New Deal, which greatly help USA climb out of economy recession and achieve prosperity over 20 years. After sub-prime mortgage...

Background: The direct and indirect effects of the economic crisis in Greece have resulted in inequalities, poverty and unemployment. Public health services, social care and welfare have been both severely curtailed and overstretched by increased demand due to higher private care costs and the refugee crisis. For society’s most vulnerable this is beyond an economic crisis, it is a humanitarian ...

Objectives Ageing of societies causes serious political concerns on well-being of old citizens and care for the (frail) old. These concerns increased with the economic crisis of 2008. In European countries policy measures were taken to deal with the consequences of this crisis. This study explores the possible effects of these measures on life satisfaction of older citizens. Methods Life sati...

Economists and the financial community share a paradoxical fate: their economic influence is strengthened by their mistakes. We all agree that they share much of the responsibility for the crisis, yet we do not call their credibility into question. Over the past five years, the financial markets’ leading actors, notably the credit-rating agencies and major banks, have increased their ability to...