It takes the average reader 1 hour and 7 minutes to read Financial Crises Explanations, Types, and Implications by Stijn Claessens
Assuming a reading speed of 250 words per minute. Learn more
This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.
Financial Crises Explanations, Types, and Implications by Stijn Claessens is 66 pages long, and a total of 16,896 words.
This makes it 22% the length of the average book. It also has 21% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 32 minutes to read Financial Crises Explanations, Types, and Implications aloud.
Financial Crises Explanations, Types, and Implications is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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