Financial Crises Explanations, Types, and Implications /

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...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Claessens, Stijn
Kolejni autorzy: Kose, Ayhan
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2013.
Seria:IMF Working Papers; Working Paper ; No. 2013/028
Dostęp online:Full text available on IMF
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245 1 0 |a Financial Crises Explanations, Types, and Implications /  |c Stijn Claessens, Ayhan Kose. 
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300 |a 1 online resource (66 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Kose, Ayhan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/028 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/028/001.2013.issue-028-en.xml  |z IMF e-Library