{"product_id":"financial-systems-and-economic-crises-von-camelia-oprean-stan-und-sebastian-ilie-dragoe","title":"Financial Systems and Economic Crises","description":"This book examines the main causes of financial instability and highlights that,\nwith the exception of wars and pandemics, the financial system is the source of the\ncrisis, not just a means of spreading it, as most mainstream experts believe. Based on\nthe following findings, the innovative sections of this book provide academics and\npolicymakers with important and practical knowledge: because negative shifts in the\nfinancial system precede recessions, financial indicators can predict the onset of a\ncrisis much earlier than real variables; the proposed recession forecasting model can\npredict the emergence of the crisis a month in advance. When the economy’s sensitivity\nto the financial system is reduced, there will be only modest negative economic\ngrowth and no true recessions.\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783631876947\"\u003e\u003ch3\u003eThe Main Determinants of Financial Instability\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783631876947","offer_id":40286592958557,"sku":"9783631876947","price":64.85,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/73461_28859365-2cfd-47ce-af79-e961699e8278.jpg?v=1783225176","url":"https:\/\/shop.autorenwelt.de\/products\/financial-systems-and-economic-crises-von-camelia-oprean-stan-und-sebastian-ilie-dragoe","provider":"Autorenwelt Shop","version":"1.0","type":"link"}