Detail The Sources of Financial Crisis : Pre- and Post-Fed Evidence   Oleh:  Canova, Fabio Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 32 no. 3 (1991), page 689-714. Topik: FINANCIAL; financial crisis; evidence Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper investigates the generation and the propagation mechanism of currency demand and supply shocks before and after World War I, the structural determinants of the variability of stock prices and interest rates, and the changes introduced by the creation of the Fed on the dynamics of the system. It is shown that in the pre - 1914 era external monetary shocks interacted with a seasonal demand for money to produce financial crises. The Fed helped to prevent crises by insulating the U. S. economy from external shocks. A structural VAR provides evidence for these claims. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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