Financial Cycles

Dimitris N. Chorafas

Chapter 1 in Financial Cycles, 2015, pp 1-24 from Palgrave Macmillan

Abstract: Abstract Ancient Egyptian mythology spoke of seven fat cows followed by seven lean ones. Unlike other accounts based on hearsay and traditions, this one had an evidence. The fat cows represented the good years when the assets of the king and the citizens increased; the lean cows reflected the misery associated with bad harvest, floods, and the destruction of wealth.

Keywords: Business Cycle; Central Bank; Balance Sheet; Public Debt; European Central Bank (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-49798-7_1

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DOI: 10.1057/9781137497987_1

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