The speech mainly throws light upon the impact of financial crisis on emrging economies particulary India. [Speech delivered at Reserve Bank of India at the RBI-BIS Seminar at Hyderabad].

This research examines the effects of sovereign downgrades on European financial markets between 2005 and 2012. Vector Autoregression (VAR) techniques are used to investigate the presence of contagion effects after a sovereign downgrade across equity indices, five year Credit Default Swaps (CDS)...

There may be a nexus between card games and financial markets. Akerlof and Shiller (2010) ask whether the decline in the number of bridge players and the growth in the number of poker players may have led to the current bad financial traders’ practices which are responsible for the global...

The adoption of the euro as a common currency in 17 of the 27 member states of the European Union was achieved in a process that did not strictly observe the recommendations of the economic theory of an optimal monetary area. The elimination of exchange rates before the establishment of European...

The purpose of this paper is to provide a global perspective on the determinants of bank profitability in Romania and to examine the effects of the financial crisis on bank profitability. In 2009, the banking system began to sense the effects of the crisis due to stagnation in lending, increased...

Given the recent redesigned path of our country to join the Euro area, the economic objectives of macroeconomic stability become fundamental, especially in the current financial crisis frame. Recession, that probably it would be statistically disclosed for 2012, will "destabilize", once more,...

This article focuses upon the conceptualisation of the metaphors of the crisis highlighting the variety of both conventional and creative metaphors following their occurrence in the economic articles published in the English weekly journal The Economist over a period of five years (2007-2011)...

The aim of this article is to estimate how firm-specific indicators and macroeconomic conditions affect capital structure choices and to determine whether or not the current financial crisis may have a significant impact on corporate financing decisions. The sample analyzed consists of 196...