Systemic Financial Crisis: A Cluster Analysis
AbstractThis study examines the similarities between the current crisis and other systemic crises from the past. The purpose of our research is to discover whether previously used crisis management policies can constitute a referential in choosing the most effective policies for the management of the current crisis. This study highlights important similarities between the current crisis and those that occurred in the past in Norway (1991) and Japan (1997), using a cluster analysis in order to obtain homogeneous groups of crises.. Also, through a qualitative analysis of crisis management policies, the study stresses the need to learn from past lessons.
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Bibliographic InfoArticle provided by European Research Studies Journal in its journal European Research Studies Journal.
Volume (Year): XIV (2011)
Issue (Month): 2 ()
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Web page: http://www.ersj.eu/
Systemic Crisis; Management Policy; Cluster Analysis;
Find related papers by JEL classification:
- G01 - Financial Economics - - General - - - Financial Crises
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