全球智库信息集成服务系统(G2TT): Financial crises: A survey

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w29155
来源ID	Working Paper 29155
	Financial crises: A survey
	Amir Sufi; Alan M. Taylor
发表日期	2021-08-16
出版年	2021
语种	英语
摘要	Financial crises have large deleterious effects on economic activity, and as such have been the focus of a large body of research. This study surveys the existing literature on financial crises, exploring how crises are measured, whether they are predictable, and why they are associated with economic contractions. Historical narrative techniques continue to form the backbone for measuring crises, but there have been exciting developments in using quantitative data as well. Crises are predictable with growth in credit and elevated asset prices playing an especially important role; recent research points convincingly to the importance of behavioral biases in explaining such predictability. The negative consequences of a crisis are due to both the crisis itself but also to the imbalances that precede a crisis. Crises do not occur randomly, and, as a result, an understanding of financial crises requires an investigation into the booms that precede them.
主题	Macroeconomics ; Business Cycles ; Money and Interest Rates ; Financial Economics ; Financial Markets ; History ; Financial History
URL	https://www.nber.org/papers/w29155
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/586828
推荐引用方式 GB/T 7714	Amir Sufi,Alan M. Taylor. Financial crises: A survey. 2021.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w29155.pdf（753KB）	智库出版物		限制开放	CC BY-NC-SA	浏览