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150128 ||| eng |
| 020 |
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|a 9781451872477
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| 100 |
1 |
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|a Lall, Subir
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| 245 |
0 |
0 |
|a Financial Stress, Downturns, and Recoveries
|c Subir Lall, Roberto Cardarelli, Selim Elekdag
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2009
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| 300 |
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|a 58 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Economic recession
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| 653 |
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|a Foreign exchange market
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| 653 |
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|a Financial crises
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Inflation
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| 653 |
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|a Deflation
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| 653 |
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|a Recessions
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| 653 |
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|a Asset prices
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| 653 |
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|a Economic growth
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Financial Crises
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| 653 |
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|a Currency markets
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| 653 |
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|a Price Level
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| 653 |
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|a Cycles
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Business Fluctuations
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| 653 |
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|a Banking
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Financial Risk Management
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| 653 |
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|a Finance: General
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| 653 |
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|a Banks
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| 653 |
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|a International Financial Markets
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| 653 |
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|a Banks and banking
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| 653 |
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|a Prices
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| 653 |
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|a Finance
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| 653 |
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|a Mortgages
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| 700 |
1 |
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|a Cardarelli, Roberto
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| 700 |
1 |
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|a Elekdag, Selim
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781451872477.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2009/100/001.2009.issue-100-en.xml?cid=22923-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper examines why some financial stress episodes lead to economic downturns. The paper identifies episodes of financial turmoil using a financial stress index (FSI), and proposes an analytical framework to assess the impact of financial stress-in particular banking distress-on the real economy. It concludes that financial turmoil characterized by banking distress is more likely to be associated with severe and protracted downturns than stress mainly in securities or foreign exchange markets. Economies with more arms-length financial systems appear to be particularly vulnerable to sharp contractions, due to the greater procyclicality of leverage in their banking systems
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