dc.creator | Radke, Marc Peter | |
dc.date.accessioned | 2021-08-04T14:53:05Z | |
dc.date.available | 2021-08-04T14:53:05Z | |
dc.date.created | 2018 | |
dc.identifier.isbn | 9783631754375 | |
dc.identifier.other | https://directory.doabooks.org/handle/20.500.12854/26090 | |
dc.identifier.uri | http://hdl.handle.net/20.500.12010/20821 | |
dc.description.abstract | This book develops a new theoretical approach to the explanation of systemic financial crises in industrial and emerging market countries. In contrast to standard models, the present <I>cyclical</I> approach is consistent with the following three stylized facts. Firstly, systemic financial crises are a recurrent phenomenon generally accompanied by excessive boom-bust cycles. Secondly, the frequency of financial crisis cycles is very irregular. Thirdly, most financial crisis cycles are initiated by positive shocks to profit expectations which induce an unsustainable build-up of financial fragility driven by <I>irrational exuberance</I>. The present approach is based on a sophisticated balancesheet structure with many assets, as well as on an expectation formation scheme which combines the rational expectations hypothesis with Keynes’ | spa |
dc.format.extent | 430 páginas | spa |
dc.format.mimetype | application/pdf | spa |
dc.language.iso | eng | spa |
dc.publisher | Peter Lang International Academic Publishing Group | spa |
dc.subject | Economic theory & philosophy | spa |
dc.subject | Monetary economics | spa |
dc.title | Explaining Financial Crises : A Cyclical Approach | spa |
dc.subject.lemb | Política económica | spa |
dc.subject.lemb | Política monetaria | spa |
dc.subject.lemb | Desarrollo económico | spa |
dc.rights.accessrights | info:eu-repo/semantics/openAccess | spa |
dc.rights.local | Abierto (Texto Completo) | spa |
dc.identifier.doi | 10.3726/b13957 | |
dc.description.hashtag | #EconomicTheory | spa |
dc.type.coar | http://purl.org/coar/resource_type/c_2f33 | spa |
dc.rights.creativecommons | https://creativecommons.org/licenses/by/4.0/legalcode | |