Financial Stress, Downturns, and Recoveries /

This paper examines why some financial stress episodes lead to economic downturns. The paper identifies episodes of financial turmoil using a financial stress index (FSI), and proposes an analytical framework to assess the impact of financial stress-in particular banking distress-on the real economy...

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Autor principal: Lall, Subir
Altres autors: Cardarelli, Roberto, Elekdag, Selim
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2009.
Col·lecció:IMF Working Papers; Working Paper ; No. 2009/100
Accés en línia:Full text available on IMF