FINANCIAL AND CURRENCY CRISES OVER TIME

Corina Sbughea

Risk in Contemporary Economy, 2013, 96-101

Abstract: This paper starts from the theoretical concepts of financial market, and approaches, in the beginning, the financial system "trilemma: Capital mobility - Exchange rate - Monetary Policy ", faced by an open economic system. The article also presents an overview of the principles on which relies the classical models of crisis, and some aspects of the recent financial crisis, and finally ends with a series of lessons that should be learned from the experiences of recent years.

Keywords: financial crisis; currency crises; information asymmetry; moral hazard; adverse selection; exchange rate (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2013:p:96-101

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