Hidden Bibliographic Details
| Other authors / contributors: | Kose, M. Ayhan, author.
International Monetary Fund. Research Department, issuing body.
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| ISBN: | 9781475530940
1475530943
9781475561005
1475561008
9781475579086
147557908X
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| Notes: | Title from PDF title page (IMF Web site, viewed March 19, 2013).
At head of title: "Research Department."
"January 2013."
Includes bibliographical references.
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| Summary: | 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 crise--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 shortand 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.
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| Standard no.: | 10.5089/9781475530940.001
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