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The influence of financial markets on economic growth

Author

Listed:
  • Kamil Pastor

    (Warsaw School of Economics)

Abstract

In this article, the idea of financial cycles will be explained as well as its impact on economy. Price bubble and financial accelerator play key role in financial cycle. If there exist disparities in finance markets and they are not stabilized, the future crisis may be more severe. The role of central banks, governments and surveillance institutions is to conducting adequate policy, aiming at maintaining financial stability not only in short but also in medium term.

Suggested Citation

  • Kamil Pastor, 2016. "The influence of financial markets on economic growth," Working Papers 12/2016, Institute of Economic Research, revised May 2016.
  • Handle: RePEc:pes:wpaper:2016:no12
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    More about this item

    Keywords

    financial cycles; financial accelerator; macroprudential policy;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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