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dc.creatorRadke, Marc Peter
dc.date.accessioned2021-08-04T14:53:05Z
dc.date.available2021-08-04T14:53:05Z
dc.date.created2018
dc.identifier.isbn9783631754375
dc.identifier.otherhttps://directory.doabooks.org/handle/20.500.12854/26090
dc.identifier.urihttp://hdl.handle.net/20.500.12010/20821
dc.description.abstractThis 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.extent430 páginasspa
dc.format.mimetypeapplication/pdfspa
dc.language.isoengspa
dc.publisherPeter Lang International Academic Publishing Groupspa
dc.subjectEconomic theory & philosophyspa
dc.subjectMonetary economicsspa
dc.titleExplaining Financial Crises : A Cyclical Approachspa
dc.subject.lembPolítica económicaspa
dc.subject.lembPolítica monetariaspa
dc.subject.lembDesarrollo económicospa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccessspa
dc.rights.localAbierto (Texto Completo)spa
dc.identifier.doi10.3726/b13957
dc.description.hashtag#EconomicTheoryspa
dc.type.coarhttp://purl.org/coar/resource_type/c_2f33spa
dc.rights.creativecommonshttps://creativecommons.org/licenses/by/4.0/legalcode


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