This paper reviews the literature on financial crises focusing on three specific aspects. First,
what are the main factors explaining financial crises? Since many theories on the sources of …

We update Rose and Spiegel (forthcoming, 2010) and search for simple quantitative models
of macroeconomic and financial indicators of the “Great Recession” of 2008–09. We use a …

This paper analyzes waves in international capital flows. We develop a new methodology for
identifying episodes of extreme capital flow movements using data that differentiates activity …

We investigate global factors associated with bank capital flows. We formulate a model of
the international banking system where global banks interact with local banks. The solution …

The causes of the 2008 collapse and subsequent surge in global capital flows remain an
open and highly controversial issue. Employing a factor model coupled with a dataset of …

We analyze the transmission of the 2007 to 2009 financial crisis to 415 country‐industry
equity portfolios. We use a factor model to predict crisis returns, defining unexplained …

A key precursor of twentieth-century financial crises in emerging and advanced economies
alike was the rapid buildup of leverage. Those emerging economies that avoided leverage …

This myth shattering book reveals the methods Nouriel Roubini used to foretell the current
crisis before other economists saw it coming and shows how those methods can help us …

This paper investigates the impact of global financial crisis (GFC; 2007–10) on financial and
non-financial performance of FTSE350 UK firms. This study tests the relationships among …

We investigate whether leading indicators can help explain the cross-country incidence of
the 2008–09 financial crisis. Rather than looking for indicators with specific relevance to the …