This book examines the main causes of financial instability and highlights that, with the exception of wars and pandemics, the financial system is the source of the crisis, not just a means of spreading it, as most mainstream experts believe. Based on the following findings, the innovative sections of this book provide academics and policymakers with important and practical knowledge: because negative shifts in the financial system precede recessions, financial indicators can predict the onset of a crisis much earlier than ...
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This book examines the main causes of financial instability and highlights that, with the exception of wars and pandemics, the financial system is the source of the crisis, not just a means of spreading it, as most mainstream experts believe. Based on the following findings, the innovative sections of this book provide academics and policymakers with important and practical knowledge: because negative shifts in the financial system precede recessions, financial indicators can predict the onset of a crisis much earlier than real variables; the proposed recession forecasting model can predict the emergence of the crisis a month in advance. When the economy's sensitivity to the financial system is reduced, there will be only modest negative economic growth and no true recessions.
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Add this copy of Financial Systems and Economic Crises: The Main to cart. $72.96, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2022 by Peter Lang AG.
