摘要: This paper presents a brief review of the literature on financial crises focusing three specific aspects. First, what are main factors explaining crises? Since many theories sources highlight importance sharp fluctuations in asset and credit markets, briefly reviews theoretical empirical studies developments these markets around crises. Second, major types The focuses four crises—currency crises, sudden stops, debt banking crises—and frequency distribution over time across countries. Third, real sector implications adverse effects for economy sector.
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