Financial Crises, Development, and Growth: A Long-term Perspective
نویسندگان
چکیده
منابع مشابه
Long-term and Short-term Effects of Financial Intermediation on Economic Growth
Financial intermediation in Iran's banking system is negatively affected at least in two ways. First, there are many similarities between financial intermediation and usurious activities in the common interpretation of interest-free banking law. This encourages the banks to participate in various commercial activities. Second, the price setting policies of the central bank makes investment more...
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Historical accounts of financial crises suggest that fear and greed are the common denominators of these disruptive events: periods of unchecked greed eventually lead to excessive leverage and unsustainable asset-price levels, and the inevitable collapse results in unbridled fear, which must subside before any recovery is possible. The cognitive neurosciences may provide some new insights into ...
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ژورنال
عنوان ژورنال: The World Bank Economic Review
سال: 2015
ISSN: 0258-6770,1564-698X
DOI: 10.1093/wber/lhv011