Artikel
Growing up to Financial Stability
This lecture revisits the evidence on the incidence and severity of different varieties of financial crises within the context of globalization then (pre-1914) and now (1980 to the present). I then discuss the determinants of emerging market crises from the perspective of the recent balance sheet approach. This approach puts at center stage the importance of financial development. I then peel the onion back further and consider the ?deep? institutional determinants of financial development and their relationship to financial stability. I conclude by conjecturing about the ways countries learn from their financial crises to improve their institutions and grow up to financial stability.
- Sprache
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Englisch
- Erschienen in
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Journal: Economics: The Open-Access, Open-Assessment E-Journal ; ISSN: 1864-6042 ; Volume: 2 ; Year: 2008 ; Issue: 2008-12 ; Pages: 1-17 ; Kiel: Kiel Institute for the World Economy (IfW)
- Klassifikation
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Wirtschaft
- Thema
-
Financial crises
globalization
financial development
institutions
Internationaler Finanzmarkt
Finanzmarktkrise
Globalisierung
Industriestaaten
Aufstrebende Märkte
- Ereignis
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Geistige Schöpfung
- (wer)
-
Bordo, Michael D.
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
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Kiel
- (wann)
-
2008
- DOI
-
doi:10.5018/economics-ejournal.ja.2008-12
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Bordo, Michael D.
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2008