كتاب إلكتروني
Explaining Financial Crises
| العنوان: | Explaining Financial Crises |
|---|---|
| المؤلفون: | Radke, Marc Peter |
| بيانات النشر: | Bern: Peter Lang International Academic Publishers, 2018. |
| سنة النشر: | 2018 |
| المجموعة: | Books Imported or submitted locally |
| Original Material: | e927e604-2954-4bf6-826b-d5ecb47c6555 53 |
| مصطلحات موضوعية: | Approach, Beauty Contest Theory, Crises, Cyclical, Explaining, Financial, Financial Crises, Financial Stability, Long-Run Rationality, Radke, Theorie, Währungskrise, bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCA Economic theory & philosophy, bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCB Macroeconomics::KCBM Monetary economics |
| الوصف: | 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 cyclical 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 irrational exuberance. 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’ Beauty Contest Theory. |
| نوع الوثيقة: | book |
| وصف الملف: | application/pdf |
| اللغة: | English |
| ردمك: | 978-3-631-75437-5 3-631-75437-X |
| العلاقة: | Hohenheimer volkswirtschaftliche Schriften |
| DOI: | 10.3726/b13957 |
| الوصول الحر: | http://library.oapen.org/handle/20.500.12657/26832Test |
| حقوق: | URL: https://creativecommons.org/licenses/by/4.0/legalcodeTest |
| ملاحظات: | 1003213 OCN: 1082991290 |
| رقم الانضمام: | edsoap.20.500.12657.26832 |
| قاعدة البيانات: | OAPEN Library |
| ردمك: | 9783631754375 363175437X |
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| DOI: | 10.3726/b13957 |