india is much more integrated with the world economy. both current and capital accounts are complementing to each other. the economic slowdown that appears to have begun in the usa in september, 2008 has some negative impact on indian economy. the most immediate and adverse effect of this global financial crisis on india is an out flow of foreign institutional investment (fii) from the capital ...

This study holds for the formation of international financial crisis and political factors for economic crisis in Turkey, are evaluated in chronological order. The international arena and relevant studies conducted in Turkey work in the literature are assessed. The main purpose of the study is to hold the linkage between the crises and political stability in Turkey in details, and to examine th...

In this paper, we provide a re-examination of the exchange rate exposure and foreign currency derivative use by Australian resources firms in the 2006–2009 period which is characterized by increased volatility caused by the global financial crisis. In particular, we consider the interaction of a resources firm’s exchange rate risk exposures, foreign currency derivative use and the global financ...

We propose a simple model of financial crises, which may be useful for the unified analysis of macro and financial policies implemented during the 2008–2009 financial crisis. A financial crisis is modeled as a disappearance of inside money due to the lemon problem à la Akerlof (1970), in a simplistic variant of Lucas and Stokey’s (1987) Cash-in-Advance economy, where both cash and capital stock...

Article history: Received 27 September 2011 Received in revised form 15 January 2012 Accepted 17 January 2012 Available online 28 January 2012 This paper investigates the influence of corporate governance on financial firms' performance during the 2007–2008 financial crisis. Using a unique dataset of 296 financial firms from 30 countries that were at the center of the crisis, we find that firms...

The authors performed a comprehensive time series segmentation study on the 36 Nikkei Japanese industry indices from 1 January 1996 to 11 June 2010. From the temporal distributions of the clustered segments, we found that the Japanese economy never fully recovered from the extended 1997– 2003 crisis, and responded to the most recent global financial crisis in five stages. Of these, the second a...

In this paper we study the relationship between leverage and risk in commercial banking market. We employ a panel data set that consists of the biggest US commercial banks and which extends from 2002 to 2010 thus covering both the years before the outbreak of the current financial crisis as well as those followed. We make clear distinctions among different leverage types like onand off-balance ...