Financial Crises Explanations, Types, and Implications

Financial Crises Explanations, Types, and Implications
Author: Mr.Stijn Claessens
Publisher: International Monetary Fund
Total Pages: 66
Release: 2013-01-30
Genre: Business & Economics
ISBN: 1475561008

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.

Financial Markets and the Real Economy

Financial Markets and the Real Economy
Author: John H. Cochrane
Publisher: Now Publishers Inc
Total Pages: 117
Release: 2005
Genre: Business & Economics
ISBN: 1933019158

Financial Markets and the Real Economy reviews the current academic literature on the macroeconomics of finance.

The Origins and Development of Financial Markets and Institutions

The Origins and Development of Financial Markets and Institutions
Author: Jeremy Atack
Publisher: Cambridge University Press
Total Pages: 497
Release: 2009-03-16
Genre: Business & Economics
ISBN: 1139477048

Collectively, mankind has never had it so good despite periodic economic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world's financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations from the seventeenth century to the present have continually challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been successful, wealth creation and growth have followed. When they failed, growth slowed and sometimes economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians.

Can It Happen Again?

Can It Happen Again?
Author: Hyman Minsky
Publisher: Routledge
Total Pages: 329
Release: 2016-04-14
Genre: Business & Economics
ISBN: 1317232496

In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether "It" can happen again. In 2008 "It" very nearly happened again as banks and mortgage lenders in the USA and beyond collapsed. The disaster sent economists, bankers and policy makers back to the ideas of Hyman Minsky – whose celebrated 'Financial Instability Hypothesis' is widely regarded as predicting the crash of 2008 – and led Wall Street and beyond as to dub it as the 'Minsky Moment'. In this book Minsky presents some of his most important economic theories. He defines "It", determines whether or not "It" can happen again, and attempts to understand why, at the time of writing in the early 1980s, "It" had not happened again. He deals with microeconomic theory, the evolution of monetary institutions, and Federal Reserve policy. Minsky argues that any economic theory which separates what economists call the 'real' economy from the financial system is bound to fail. Whilst the processes that cause financial instability are an inescapable part of the capitalist economy, Minsky also argues that financial instability need not lead to a great depression. This Routledge Classics edition includes a new foreword by Jan Toporowski.

Kaplan Evidence-Based Reading, Writing, and Essay Workbook for the New SAT

Kaplan Evidence-Based Reading, Writing, and Essay Workbook for the New SAT
Author: Kaplan Test Prep
Publisher: Simon and Schuster
Total Pages: 375
Release: 2016-01-05
Genre: Study Aids
ISBN: 1506200079

Prepare for the New SAT with confidence! With more than 75 years of experience and more than 95% of our students getting into their top-choice schools, Kaplan knows how to increase your score and get you into your top-choice college! Prep Smarter. Not Harder. Kaplan’s Evidence-Based Reading, Writing, and Essay Workbook for the New SAT provides everything you need to master the challenging Evidence-Based Reading and Writing sections and to write a top-scoring Essay on the College Board's New SAT! It reviews how to effectively and efficiently read passages to answer questions correctly. The focused practice quizzes and in-depth strategies will help you master the most important concepts to increase your score! This guide includes practice with every reading, writing, and essay concept tested on the New SAT, as well as effective score-raising methods and strategies for building speed and accuracy from Kaplan’s top experts. Kaplan’s Evidence-Based Reading, Writing, and Essay Workbook contains many essential and unique features to help improve test scores, including: * 16 Comprehensive Evidence-Based Reading and Writing Practice Tests with detailed explanations * 3 Essay practice sets with sample essays * More than 150 practice questions with expert explanations * Methods and Strategies to improve your Evidence-Based Reading and Writing score * Techniques and Methods to quickly improve your writing skills and improve your Essay score Kaplan’s Evidence-Based Reading, Writing, and Essay Workbook for the New SAT provides you with everything you need to improve your Evidence-Based Reading, Writing, and Essay score—guaranteed. Kaplan has helped more than three million students successfully prepare for standardized tests, so we know that our test-taking techniques, methods, and strategies work. Kaplan’s Evidence-Based Reading, Writing, and Essay Workbook is the must-have preparation tool for every student looking to score higher and get into their top-choice college!