Webbläsaren som du använder stöds inte av denna webbplats. Alla versioner av Internet Explorer stöds inte längre, av oss eller Microsoft (läs mer här: * https://www.microsoft.com/en-us/microsoft-365/windows/end-of-ie-support).

Var god och använd en modern webbläsare för att ta del av denna webbplats, som t.ex. nyaste versioner av Edge, Chrome, Firefox eller Safari osv.

Short and long run growth effects of financial crises

In English

Författare

Redaktör

  • Marco Gallegati
  • Willi Semmler

Summary, in English

Growth theory predicts that poor countries will grow faster than rich countries. Yet, growth in developing countries has been consistently lower than growth in developed countries. The poor economic performance of developing countries coincides with both long-lasting and short-lived financial crises. In this paper, we analyze to what extent financial crises can explain low growth rates in developing countries. We distinguish between inflation, currency, banking, debt, and stock-market crises and separate the short- and long-run effects of them. Our results show that financial crises have reduced growth and that the policy decisions have caused them to be worsened and/or extended.

Publiceringsår

2014

Språk

Engelska

Publikation/Tidskrift/Serie

Wavelet Applications in Economics and Finance

Dokumenttyp

Del av eller Kapitel i bok

Förlag

Springer

Ämne

  • Economics and Business

Nyckelord

  • growth
  • financial crisis
  • developing countries
  • short run
  • long run

Status

Published

ISBN/ISSN/Övrigt

  • ISBN: 978-3-319-07060-5