| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP9329
|
| DP9329 Financial Crises: Explanations, Types, and Implications |
| Stijn Claessens; M. Ayhan Kose
|
| 发表日期 | 2013-02-03
|
| 出版年 | 2013
|
| 语种 | 英语
|
| 摘要 | This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises?currency crises, sudden stops, debt crises, and banking crises?and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions. |
| 主题 | Financial Economics
|
| 关键词 | Asset booms
Banking crises
Credit booms
Crises prediction
Currency crises
Debt crises
Defaults
Financial restructuring
Policy implications
Sudden stops
|
| URL | https://cepr.org/publications/dp9329
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538165
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推荐引用方式
GB/T 7714 |
Stijn Claessens,M. Ayhan Kose. DP9329 Financial Crises: Explanations, Types, and Implications. 2013.
|
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