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We analyze the transmission of the financial crisis of 2007 to 2009 to 415 country-industry equity portfolios. We use a factor model to predict crisis returns, defining unexplained increases in factor loadings and residual correlations as indicative of contagion. While we find evidence of...
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We describe the political-economic environment that precipitated the Greek crisis. Involved were nocuous collaborations between private interests and the formally appointed custodians of the public interest, and a captured politicized bureaucracy. The confluence of these forces aided in the...
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Economic and political developments in Greece have been at the forefront of the international mass media coverage of …, confidence in institutions, and interpersonal trust. Data show that for more than a decade, Greece has consistently ranked last …
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It is widely known that Greece faces one of the most precarious and transformative periods of its modern history. Greek … (the ‘former’ political status quo of Greece known as Metapolitefsi), the revival of ethno-socialist movements, the debt … crisis of eurozone countries, youth’s stand for social change and the role Greece plays in this global financial turmoil …
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