Indian banking is undergoing major transformation since the financial sector reforms in 1990s. The objective of this paper is to investigate the extent to which global financial crisis has affected the efficiency of Indian banks. We measure production efficiency through application of data...

Capital structure theories in finance aim towards an ideal debt-equity ratio in the traditional interest-based financial system. The capital structure theories as per the Shariah law also aim towards an ideal debt-equity ratio but the debt contract used here is different with different...

From the Aristotelian perspective the global crisis of the recent years is an example of what the business ethics could be, but to a great extent it isn’t. In the paper authors formulate a thesis that corruption scandals of the last decade are not only one of the causes of global economic...

The global financial crisis of 2008 surprised most people, especially economists. Indeed, the financial crisis had a more devastating effect than simply creating the most significant global economic crisis since the Great Depression of the 1930s: It rocked the epicentre of the economics...

This paper borrows from network analysis to study the impact of trade and financial integrations on output drop during the 2008-2009 crisis. Using network analysis, I show that international trade and financial linkages have different effects on economic activity. Relationships involving the...

Due to the global economic crisis, cost management and cost cutting have once again become central concerns for many companies. The main objective of this paper is to propose a cost reduction model that would ensure maximum benefit and minimum damage to the company. The cost reduction model in a...

Although experiencing trade cycles, Australia is almost unique in maintaining 20 years of positive economic growth and has survived the global financial crisis relatively unscathed. The economic boom concentrated attention on skill shortages in Australia and their role in preventing the economy...

This paper studies the impact of exogenous and endogenous shocks (exogenous shock is used interchangeably with external shock; endogenous shock is used interchangeably with domestic shock) on output fluctuations in post-communist countries during the 2000s. The first part presents the analytical...

This paper highlights a number of flaws within macro and financial economics that originated the 2007-2011 global economic and financial crisis. These flaws are deeply rooted in neoclassical economics, so much so as the lack of pluralism within the economics profession makes it impossible for...