It is not possible to evaluate the overall consequences of the present financial and global crisis beyond the government contributions to stabilize financial sector and recover prior economic growth rates. It is not possible to close the eyes to the great ludicrous (dramatic) comedy without...

The questions suggested by firms financial distress (or bankruptcy) situations are usually preceded by leverage and debt adjustments concerns. This kind of problematic is advised to be placed at financial strategic ideas inside the firm and can be included on the interaction level, besides...

This is an introduction to firm's financial sustainability new ideas beyond the environmental sustainability concerns, based on a principle: balance and a method: interaction. It is specifically addressed to the interaction between the two kinds of financial policies: short-term financial policy...

As the world debates the economic crisis, it does so without considering two historically important ideas: the stigmatization of miserliness and the prohibition of usury. Although these ideas were once keystones of society, they are missing from the current discourse. This paper seeks to...

The paper evaluates the key drivers of fiscal crises in a sample of countries from all three income groups—advanced, emerging, and low-income countries, using fiscal crisis data recently developed by the IMF’s Fiscal Affairs Department. The empirical study focuses on three questions: (1) How...

Humanity has been fascinated by the pursuit of fortune since time immemorial, and many successful outcomes benefit from strokes of luck. But success is subject to complexity, uncertainty, and change – and at times becoming increasingly unequally distributed. This leads to tension and confusion...

This study has analyzed the determinants of social progress in the presence of macroeconomic instability in Pakistan over the period of 1980 to 2015. Under-five survival rate is used for measuring social progress and a comprehensive macroeconomic instability index is constructed by incorporating...

None of the known macroeconomic theories are adequate to understand what to do in a global crisis like the 2020 Global Pandemic. Rational Expectations and monetarism cannot even ex-plain how is that a global crisis like this happens. The IS-LM model was designed to manage business cycles, but...