sovereign CDS spreads during the euro area debt crisis. Our results reveal significant time-variation in distress dependence and …

2007 to 2013, with special reference to their balance-sheet conditions. The analysis distinguishes two phases of the crisis … – the period following the Lehman Brothers collapse and the sovereign debt crisis – and different types of banks (large and … according to the phase of the crisis and the type of bank …

classic banking panics toward modern banking crises where financial guarantees are associated with crisis resolution. Recent … Asian crisis (1997). We discuss the evolution in economic theorizing on crises since the 1950s, and then provide an overview … crises. We discuss the methodological issue of crisis measurement encompassing the definition, dating, and incidence of …

In this contribution, we aim at describing the problem of debt and currency crisis by means of system dynamics modeling … approach to quantitatively assess the Russian economic crisis of 1998 and analyze various fiscal and monetary policies that … mitigated. Second, we apply the model to the situation in Russia in early 2015 when signs of a new crisis appeared, and based on …