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Financial Crises Explanations, Types, and Implications
By:Stijn Claessens,Mr. M. Ayhan Kose
Published on 2013-01-30 by International Monetary Fund

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.
This Book was ranked at 19 by Google Books for keyword Currency crisis.
Book ID of Financial Crises Explanations, Types, and Implications's Books is 8PS23X650CsC, Book which was written byStijn Claessens,Mr. M. Ayhan Kosehave ETAG "0np17ClDQsY"
Book which was published by International Monetary Fund since 2013-01-30 have ISBNs, ISBN 13 Code is 9781475579086 and ISBN 10 Code is 147557908X
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Book which have "66 Pages" is Printed at BOOK under CategoryBusiness and Economics
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