TY  - BOOK
AU  - Camelia Oprean Stan
AU  - Sebastian-Ilie Dragoe
PY  - 2022
CY  - Berlin, Germany
PB  - Peter Lang Verlag
SN  - 9783631879474
TI  - Financial Systems and Economic Crises
T2  - The Main Determinants of Financial Instability
DO  - 10.3726/b19738
UR  - https://www.peterlang.com/document/1255413
N2  - 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.
LA  - English
ER  -