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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Lall, Subir
Weitere Verfasser: Cardarelli, Roberto, Elekdag, Selim
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2009.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2009/100
Online Zugang:Full text available on IMF