The 2008 global financial crisis (GFC) resulted in a deterioration of the economic condition developing countries with lower growth per capita GDP, decline share exports goods and services worsening external balance. After limited initial impact, rates declined all economies were substantially BRICS period 2015–2019 than before crisis. Two them, Brazil South Africa, experienced drop GDP during ...

China has been enjoyed a fast economic growth in the last three decades. One of the important reasons is its financial reform and development in banking sector. More and more foreign banks and nonstate-owned banks participate into the competition in banking industry. The productivity of banking sector keeps growing dramatically during the golden decade between the 1997 Asian financial crisis an...

We study the behavior of credit and output across a financial crisis cycle using information from credit spreads. We show the transition into a crisis occurs with a large increase in credit spreads, indicating that crises involve a dramatic shift in expectations and are a surprise. The severity of the subsequent crisis can be forecast by the size of credit losses (change in spreads) coupled wit...

This paper tends to analyze the link between global financial crisis of 2008 and neoliberalism ideology. was, in all aspects, a multidimensional crisis. Initially it began with banks, credit stock exchange, end up economic recession disbelief free market models adopted that period. It started emerge during 2007 as crisis, which originated from bad loans US real estate market. Immediately, had i...

Contentious events often come in waves, but they are seldom homogeneous. A series of contentious events over the past two years were the result of the global financial crisis that began in the United States in 2008 and ultimately diffused around the world. But it was in Greece and the European Union that the crisis hit hardest. There, conventional protest, violence, and political contention com...