Description
Book SynopsisThis book examines the main causes of financial instability and highlights that,
with the exception of wars and pandemics, the financial system is the source of the
crisis, not just a means of spreading it, as most mainstream experts believe. Based on
the following findings, the innovative sections of this book provide academics and
policymakers with important and practical knowledge: because negative shifts in the
financial system precede recessions, financial indicators can predict the onset of a
crisis much earlier than real variables; the proposed recession forecasting model can
predict the emergence of the crisis a month in advance. When the economy’s sensitivity
to the financial system is reduced, there will be only modest negative economic
growth and no true recessions.
Table of ContentsIntroduction — THE RADIOGRAPHY OF THE FINANCIAL SYSTEM, WITH A FOCUS ON THE U.S.— Historical, conceptual and empirical approaches to crises — Coordinates and determinants of financial instability — Potential solutions for financial stability — Economic CrisIs Forecast Model — References — List of Appendixes — List of Figures — List of Tables .
