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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.
Autorius: | Sebastian-Ilie Dragoe, Camelia Oprean Stan, |
Leidėjas: | Peter Lang |
Išleidimo metai: | 2022 |
Knygos puslapių skaičius: | 256 |
ISBN-10: | 3631876947 |
ISBN-13: | 9783631876947 |
Formatas: | 210 x 148 x 15 mm. Knyga minkštu viršeliu |
Kalba: | Anglų |
Parašykite atsiliepimą apie „Financial Systems and Economic Crises: The Main Determinants of Financial Instability“