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Systemic Financial Crisis: A Cluster Analysis

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  • Nicolae Dardac
  • Adriana Giba

Abstract

This 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.

Suggested Citation

  • Nicolae Dardac & Adriana Giba, 2011. "Systemic Financial Crisis: A Cluster Analysis," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 53-64.
    • Handle: RePEc:ers:journl:v:xiv:y:2011:i:2:p:53-64
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    References listed on IDEAS

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    Cited by:

    1. Stefania Vignini & Tiziana De Cristofaro, 2018. "Impatto della crisi economica su redditivit? e rischio finanziario delle imprese romagnole. Una cluster analysis," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2018(3), pages 157-181.

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    More about this item

    Keywords

    Systemic Crisis; Management Policy; Cluster Analysis;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises

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