The influence of financial markets on economic growth

Kamil Pastor ()
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Kamil Pastor: Warsaw School of Economics

No 12/2016, Working Papers from Institute of Economic Research

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.

Keywords: financial cycles; financial accelerator; macroprudential policy (search for similar items in EconPapers)
JEL-codes: G15 G18 O43 (search for similar items in EconPapers)
Date: 2016-05, Revised 2016-05
New Economics Papers: this item is included in nep-fdg, nep-pr~ and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pes:wpaper:2016:no12

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