<p><strong><p>Title</p><p>The anatomy of financial crises and the current one´s effects on the Swedish<strong> economy.</strong></p><p>Authors</p>Ifete Binaku and Niklas Holmström<strong><p>Background</p></strong></strong></p><p>The subprime crisis started in the United States, but was soon transmitted to other<strong> </strong>countries and even to Sweden. The impact of the financial crisis has had negative consequences for the Swedish real economy, especially in its output. Since Sweden is a big exporting country, its macro economy has been negatively affected by the present global financial crisis.</p><p><strong><p>Purpose</p></strong></p><p>We are interesting to illustrate how the theories can explain the causes and effects<strong> </strong>of financial crises. Therefore, the aim of this study is simply to acquire knowledge on how the impacts on the Swedish economy can be described by theories on financial crises.<strong> </strong></p><p> </p><p>Method</p><p> </p><p>The theoretical models guided our choices of the financial and economic<strong> i</strong>ndicators. The thesis employed a quantitative research approach where the empirical materials are collected from the yearly data period: 2005 to 2009. The secondary analysis has been applied where yeas 2005 to 2009 were selected in order to get an overview of variables developments before financial crises started and in meantime.</p><p><strong><p>Results</p></strong></p><p>Our findings showed that the financial crisis has affected the Swedish economy negatively. Furthermore, the repercussion on the Swedish economy can be better explained by certain parts of the theories combined, than by one theory left alone.</p><p> </p>

Title The anatomy of financial crises and the current one´s effects on the Swedish economy. Authors Ifete Binaku and Niklas HolmströmBackground The subprime crisis started in the United States, but was soon transmitted to other countries and even to Sweden. The impact of the financial crisis has had negative consequences for the Swedish real economy, especially in its output. Since Sweden is a big exporting country, its macro economy has been negatively affected by the present global financial crisis. Purpose We are interesting to illustrate how the theories can explain the causes and effects of financial crises. Therefore, the aim of this study is simply to acquire knowledge on how the impacts on the Swedish economy can be described by theories on financial crises.   Method   The theoretical models guided our choices of the financial and economic indicators. The thesis employed a quantitative research approach where the empirical materials are collected from the yearly data period: 2005 to 2009. The secondary analysis has been applied where yeas 2005 to 2009 were selected in order to get an overview of variables developments before financial crises started and in meantime. Results Our findings showed that the financial crisis has affected the Swedish economy negatively. Furthermore, the repercussion on the Swedish economy can be better explained by certain parts of the theories combined, than by one theory left alone.

None.

Thesis (Ph. D.)--University of Missouri-Columbia, 2003. / Typescript. Vita. Includes bibliographical references (leaves 115-120). Also available on the Internet.

Thesis (Ph. D.)--University of California, San Diego, 2003. / Vita. Includes bibliographical references (leaves 106-110).

Thesis (Ph. D.)--University of Missouri-Columbia, 2003. / Typescript. Vita. Includes bibliographical references (leaves 115-120). Also available on the Internet.

Master Thesis within Business Administration Title: Decision-Makers behind Effective Crisis Management: An industry comparison of a crisis prepared approach among Small and Medium-Sized Enterprises Author: Renée Löwhagen Tutor: Angelika Löfgren Date: May, 2015 Key words: Crises, Crisis Management, Crisis preparedness, SME, Managerial decision-making Abstract Problem. The world is in an era with technological advancements, shorter business cycles and a growing competition that requires constant organizational changes in order for or-ganizations to stay on track. Uncertainty in the business world is therefore higher than ev-er. With respect to Small and Medium-Sized Enterprises (SMEs) and their central role in the European economy, it is of high relevance of today’s researchers to adopt the perspec-tive of these businesses to take on a more crisis prepared approach. Purpose. The focus of this study is to investigate the perception of the concepts of crisis and crisis management among SMEs’ managers in different industries in Sweden. Moreover, this study intends to develop an understanding of the decision-making behind a crisis pre-pared approach of different industries of SMEs. Method. This research employs a multi-methodical qualitative research approach in which, in-depth interviews with owner-managers of SMEs and a crisis expert have been conduct-ed. Results. This study indicates that there may be a lack of insight regarding the core meaning of crises and crisis management among the SMEs’ managers studied. Crises and crisis management was found to be perceived in a similar way among all the managers in the study. Crises were perceived as involving the personnel and safety issues of the business-es. Crisis Management, was understood as the management of an already occurred crisis, rather than the preparation for potential crises. A deficiency was found among the busi-nesses regarding crisis preparations. This seemed to be related to resource restrictions and a general lack of research about this topic in the context of SMEs. The study indicates that SME managers do not always make formal decisions regarding crisis preparations. In the cases where the SME managers of the study had prepared plans and strategies for how to handle crises, these had emerged as a gradual process rather than from decisions taken in this matter.

published_or_final_version / Politics and Public Administration / Master / Master of Philosophy

No description available.

This study includes two theoretical works. In both works, I assume that economic agents have heterogeneous beliefs. I study collateralized loan transactions among economic agents arising from the divergent beliefs. Moreover, I make collateral requirements endogenously determined, along with interest rates and loan quantities. The theme of the first work is to study private transactions in currency crises. I assume that domestic residents have different beliefs on how resilient the central bank is in defending the currency. Due to the different beliefs, domestic residents willingly borrow and lend among themselves. I show that the heterogeneity of beliefs per se brings stability to the system, but that short-term collateralized loans among domestic residents arising from the divergent opinions make an exchange rate peg vulnerable. The second work is to understand credit default swaps in general equilibrium. The model features a market for a risky asset, a market for loans collateralized by the risky asset, and a market for credit default swaps referencing these loans. I show that the introduction of credit default swaps only as insurance has no effect on the price of the risky asset. And the introduction of credit default swaps both as insurance and as tools for making side bets depresses the price of the risky asset in general but has no effect hen the majority of the economy hold bearish views on the risky asset.