Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1032972 | Omega | 2010 | 10 Pages |
Abstract
In this article we provide a summary of empirical results obtained in several economics and operations research papers that attempt to explain, predict, or suggest remedies for financial crises or banking defaults; we also outline the methodologies used in them. We analyze financial and economic circumstances associated with the US subprime mortgage crisis and the global financial turmoil that has led to severe crises in many countries. The intent of this article is to promote future empirical research for preventing bank failures and financial crises.
Related Topics
Social Sciences and Humanities
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Authors
Yuliya Demyanyk, Iftekhar Hasan,