• Gagari Chakrabarti
  • Chitrakalpa Sen
Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)


Looking back into history, financial crises have always been the norms, rather than exceptions. Starting from the Tulip Mania in 1630, economic and financial vulnerabilities have generated waves of financial crises in the world economy. Not all the crises, by nature, however have been the same; rather they came in different forms and had different origins. While some of these remained confined to the domestic or regional boundaries, most of them reverberated, in no time, from the peripheries to the center with an ultimate devastating impact on the real economy. In this newfangled knowledge-driven financially integrated era such speedy spread of crisis is almost inevitable.


Stock Market Black Swan Financial Vulnerability Volatility Regime Volatility Transmission 
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Copyright information

© The Author(s) 2012

Authors and Affiliations

  • Gagari Chakrabarti
    • 1
  • Chitrakalpa Sen
    • 2
  1. 1.EconomicsPresidency UniversityKolkataIndia
  2. 2.G D Goenka Education City,Department of EconomicsG D Goenka World InstituteGurgaonIndia

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