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A Survey On The Drivers And Mechanisms Of Financial Crises

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  • Dan OLTEANU

    ()
    (National Institute for Economic Research)

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    Abstract

    This paper aims to investigate the origin and to analyze the mechanisms of forming the main economic imbalances previous to financial crises. For this purpose we first outline a typology of crises depending on the characteristic symptoms, and we identify statistical indicators corresponding to the main drivers of the instabilities, specific to each category of crises. Second, a classification of these factors will be performed depending on their share in producing effects and the intensity of propagation of the effects over the economical results. Finally, we define a set of essential variables in triggering financial crises, along with the interdependences between them.

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    Bibliographic Info

    Article provided by Institute of National Economy in its journal Romanian Journal of Economics.

    Volume (Year): 33 (2011(XXI))
    Issue (Month): 2(bis)(42) (December)
    Pages: 73-100

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    Handle: RePEc:ine:journl:v:2(bis):y:2011:i:42:p:73-100

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    Related research

    Keywords: Financial crises; Financial fragility; Credit; Indebtedness;

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