Market crises, the financial system and the real economy: Analysis and implications for the global financial services industry

Claudio Scardovi, Stefano Gatti and Damiano Ventola

Journal of Risk Management in Financial Institutions, 2010, vol. 3, issue 3, 211-230

Abstract: Across the world, the deep and unexpected crisis within the global financial sector has quickly spread through to the real economy. To understand the mechanisms of contagion between the financial sector and the real economy, this paper begins by presenting a summary of the most important facts from the last 24 months. It then proposes some preliminary hypotheses regarding possible mechanisms to improve the stability of the financial services sector. Finally, the analysis examines potential solutions for the crisis in those major developed countries that envisage major public intervention. The paper also considers the implicit and explicit risks for the economies of the countries involved.

Keywords: crisis; financial system; stability; leverage; government intervention; risk (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/748/download/ (application/pdf)
https://hstalks.com/article/748/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:rmfi00:y:2010:v:3:i:3:p:211-230

Access Statistics for this article

More articles in Journal of Risk Management in Financial Institutions from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().