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Financial Stress, Downturns, and Recoveries (Electronic book text)
Financial Stress, Downturns, and Recoveries (Electronic book text): Selim Elekdag
Financial Stress, Downturns, and Recoveries (Electronic book text): Selim Elekdag

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Financial Stress, Downturns, and Recoveries (Electronic book text)

Selim Elekdag

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This paper examines why some financial stress episodes lead to economic downturns. The paper identifies episodes of financial turmoil using a financial stress index (FSI), and proposes an analytical framework to assess the impact of financial stress-in particular banking distress-on the real economy. It concludes that financial turmoil characterized by banking distress is more likely to be associated with severe and protracted downturns than stress mainly in securities or foreign exchange markets. Economies with more arms-length financial systems appear to be particularly vulnerable to sharp contractions, due to the greater procyclicality of leverage in their banking systems.

General

Imprint: Not Avail
Country of origin: United States
Release date: May 2009
Authors: Selim Elekdag
Format: Electronic book text
Pages: 60
ISBN-13: 978-6613822024
Barcode: 9786613822024
Categories: Books
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LSN: 6613822027

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