scholarly journals FACTORS INFLUENCING INDIVIDUALS’ DECISION-MAKING AND CAUSING FINANCIAL CRISIS

2020 ◽  
Vol 21 (4) ◽  
pp. 1149-1164 ◽  
Author(s):  
Daiva Jurevičienė ◽  
Viktorija Skvarciany ◽  
Austė Lagunavičiūtė
Keyword(s):  
Financial Crisis ◽  
Financial Crises ◽  
Evaluation Method ◽  
Economic Expansion ◽  
Financial Decisions ◽  
Economic Decisions ◽  
The Us ◽  
Expert Evaluation Method ◽  
Second Period ◽  
Made In

It is essential to look at financial crises from both theoretical and practical aspects, as this is an old and recurring phenomenon. However, it is still unknown how to manage their formation. The article aims at assessing the influence of individuals’ financial decisions on financial crisis formation. The interface between economic decisions made by individuals and financial crises is assessed using expert evaluation method. The multi-criteria estimation performed using the TOPSIS method to evaluate when individuals make the most irrational decisions. Moreover, finally, economic decisions rationality index is concluded, evaluating when individuals make ridiculous decisions. The rationality index of economic decisions measures the number of irrational decisions during the economic expansion. Economic decisions rationality index divided into three groups: economic factors, financial sector and psychological factors. Assessment of the irrational decisions made during the economic expansion demonstrates that during the first period (2001–2006) the least irrational decisions were made in 2001 and the most in 2004; while during the second period (2010–2017), the least irrational decisions were made in 2011 and the most in 2015. The limitation of the research is that the data is accessible only for the US; hence, the results could differ in other countries.

scholarly journals Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises

2014 ◽  
Vol 6 (2) ◽  
pp. 1-28 ◽  
Author(s):  
Atif Mian ◽  
Amir Sufi ◽  
Francesco Trebbi
Keyword(s):  
Financial Crisis ◽  
Financial Crises ◽  
Strong Support ◽  
Financial Reform ◽  
Financial Reforms ◽  
Debt Overhang ◽  
Large Sample ◽  
Political Constraints ◽  
Clear Cut ◽  
The Us

Countries become more politically polarized and fractionalized following financial crises, reducing the likelihood of major financial reforms precisely when they might have especially large benefits. The evidence from a large sample of countries provides strong support for the hypotheses that following a financial crisis, voters become more ideologically extreme and ruling coalitions become weaker, independently of whether they were initially in power. The evidence that increased polarization and weaker governments reduce the chances of financial reform and that financial crises lead to legislative gridlock and anemic reform is less clear-cut. The US debt overhang resolution is discussed as an illustration. (JEL D72, E32, E44, G01, H63)

Haunted houses: Gender and property television after the financial crisis

2017 ◽  
Vol 20 (5) ◽  
pp. 483-489 ◽  
Author(s):  
Jean Bruce ◽  
Zoë Druick
Keyword(s):  
Financial Crisis ◽  
Financial Crises ◽  
Special Issue ◽  
The Us ◽  
The Uk ◽  
Haunted Houses

This special issue includes six essays that consider the gendered dimensions of property television in the UK, Canada and the US as they have emerged since the financial crises of 2008.

scholarly journals THE FINANCIAL CRISIS AND THE DOLLAR HEGEMONY

2012 ◽  
Vol 1 (1) ◽  
pp. 125-140
Author(s):  
Marcelo Milan
Keyword(s):  
Financial Crisis ◽  
Financial Crises ◽  
World Economy ◽  
International Reserve ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
Us Dollar

This paper discusses the US dollar hegemony in the world economy. The discussion is carried out in three steps. First, the paper analyses the evolution of the US dollar in the world economy, emphasizing its resilience in the context of frequent financial crises. Second, the work discusses and compares the perspectives that trust the US dollar’s continuing role as an international reserve to those that assume a likely decline of both the dollar and the US economy after the 2007 financial crash. Finally, the article seeks to raise a few potential consequences of the continuing hegemony or declining of the dollar for the peripheral countries.

Methods of risk assessment in forecasting the consequences of accidents at pipeline transport facilities

2020 ◽  
Vol 10 (6) ◽  
pp. 663-673
Author(s):  
Vladislav N. Slepnev ◽  
◽  
Alexander F. Maksimenko ◽  
Elena V. Glebova ◽  
Alla Т. Volokhina ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Evaluation Method ◽  
Assessment Procedure ◽  
Expert Evaluation ◽  
Main Pipeline ◽  
Pipeline Transport ◽  
Forecasting Accuracy ◽  
Distribution Of Resources ◽  
Expert Evaluation Method

The choice of risk assessment procedure is one of the essential stages of efficient structuring of processes on prevention, localization and elimination of the consequences of accidents at main pipeline transport facilities. The authors analyzed themed publications and regulatory documents, governing procedures of risk assessment and forecasting of the consequences of possible accidents, and defined main problems in this area. Procedure for the risk assessment of accidents at main pipeline facilities was developed, the basis of which is the expert evaluation method. The procedure includes the determination of the main criteria for the assessment the probability of accident initiation and development and the evaluation of the severity of its consequences, an expert evaluation of criteria significance, their classification, and creation of a rating for hazardous pipeline sections. The application of the procedure application allows to specify the list of facilities that require high priority forecasting of accidents consequences, thus to optimize the distribution of resources and the overall increase of efficiency in planning while defining forces and special technical devices, necessary for containment and rectification of emergencies. Expert evaluation method application allows considering the specifics of certain enterprises, their technical and technological peculiarities, thereby increasing forecasting accuracy.

GLOBAL FINANCIAL CRISIS: THE BUBBLE EFFECT IN INDONESIA

2018 ◽  
pp. 27-33
Author(s):  
Mohammad Benny Alexandri ◽  
Raeny Dwisanti
Keyword(s):  
Financial Crisis ◽  
Stock Price ◽  
Price Index ◽  
Global Financial Crisis ◽  
Price Ratio ◽  
Sharp Decline ◽  
Book Value ◽  
The Us ◽  
Investment Opportunities ◽  
Us Financial Crisis

US and Indonesia stock markets are entering record heights without being offset by economic growthand profitability growth of their traded companies. There are several indicators for the stock marketbubble: (1) Price Ratio (Ear Ratio); (2) Price Ratio / Book (PB Ratio), the latter comparing thenominal price of one share at a market with the book value (the value of company's assets). Thecurrent PB ratio of the composite stock price index being 3.3 means that for each shares the assetvalue of which is 1 IDR, the stock would be worth 3.3 IDR. This is one of the most expensive price in the world today. Based on the above, for Indonesian stock market sharp decline is just a matter of time and waiting. This decline will be much sharper if triggered by the US financial crisis. We can also also see a bubble emerging from increasingly irrational investment attitudes. Currently, in addition to high prices for stocks and bonds, investors have started looking at investment opportunities in digital currencies. This research tries to know the potential of financial crisis and itseffect for the financial market in Indonesia. 

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