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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Hlavní autor: Lall, Subir
Další autoři: Cardarelli, Roberto, Elekdag, Selim
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2009.
Edice:IMF Working Papers; Working Paper ; No. 2009/100
On-line přístup:Full text available on IMF