To What Extent are Financial Crises Comparable and Thus Predictable?

23 Pages Posted: 29 Mar 2013  

John Diamondopoulos

Birkbeck College, University of London; European Business School London

Date Written: October 16, 2012

Abstract

This paper critically examines the quantitative approach to financial crises from two perspectives. First, the assumption of comparability of financial crises is analyzed. The key question here is: how comparable are crises? An important consideration here is the context – social and political. Second, if financial crises are comparable to a certain extent, then we should be able to make predictions. Thus, the second key question is: how predictable are crises? The results have implications for the development of a theory of financial crises and government policies on crisis management.

Keywords: Financial crises, Crisis, Crisis Models, Crisis Management

JEL Classification: G01, G17, G18, H12

Suggested Citation

Diamondopoulos, John, To What Extent are Financial Crises Comparable and Thus Predictable? (October 16, 2012). Available at SSRN: https://ssrn.com/abstract=2241524 or http://dx.doi.org/10.2139/ssrn.2241524

John Diamondopoulos (Contact Author)

Birkbeck College, University of London ( email )

London, WC1E 7HX
United Kingdom
2032399069 (Phone)

European Business School London ( email )

Regent's park
Inner Circle
London, NW1 4NS
United Kingdom
2032399069 (Phone)

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