Financial Systems and Economic Crises di Sebastian-Ilie Dragoe, Camelia Oprean Stan edito da Peter Lang
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Financial Systems and Economic Crises

The Main Determinants of Financial Instability

Editore:

Peter Lang

EAN:

9783631876947

ISBN:

3631876947

Pagine:
256
Formato:
Paperback
Lingua:
Tedesco
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Descrizione Financial Systems and Economic Crises

This book examines the main causes of financial instability and highlights that, with the exception of wars and pandemics, the financial system is the source of the crisis, not just a means of spreading it, as most mainstream experts believe. Based on the following findings, the innovative sections of this book provide academics and policymakers with important and practical knowledge: because negative shifts in the financial system precede recessions, financial indicators can predict the onset of a crisis much earlier than real variables; the proposed recession forecasting model can predict the emergence of the crisis a month in advance. When the economy¿s sensitivity to the financial system is reduced, there will be only modest negative economic growth and no true recessions.

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