A SURVEY ON THE DRIVERS AND MECHANISMS OF FINANCIAL CRISES

Dan Olteanu

Romanian Journal of Economics, 2011, vol. 33, issue 2(bis)(42), 73-100

Abstract: This paper aims to investigate the origin and to analyze the mechanisms of forming the main economic imbalances previous to financial crises. For this purpose we first outline a typology of crises depending on the characteristic symptoms, and we identify statistical indicators corresponding to the main drivers of the instabilities, specific to each category of crises. Second, a classification of these factors will be performed depending on their share in producing effects and the intensity of propagation of the effects over the economical results. Finally, we define a set of essential variables in triggering financial crises, along with the interdependences between them.

Keywords: Financial crises; Financial fragility; Credit; Indebtedness (search for similar items in EconPapers)
JEL-codes: E44 E51 F34 G14 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.revecon.ro/articles/2011-2(bis)/2011-2(bis)-6.pdf (application/pdf)

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:ine:journl:v:2(bis):y:2011:i:42:p:73-100

Access Statistics for this article

Romanian Journal of Economics is currently edited by Institute of National Economy

More articles in Romanian Journal of Economics from Institute of National Economy Contact information at EDIRC.
Bibliographic data for series maintained by Valentina Vasile ().