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The University Challenge: Changing universities in a changing world. Add To My Wish List. About Features Bestselling book on the financial crisis completely updated, with more specific policy recommendations and remedies Now with more coverage of the government bailouts, the future of the economy and financial markets, and how the average household will be affected. New expanded discussion of the most important steps needed to most effectively fix the underlying problems.
Specific lessons for homeowners and investors, including a discussion of the future of American finance. More Information. Overview Pearson Education, Inc. Collection and Use of Information To conduct business and deliver products and services, Pearson collects and uses personal information in several ways in connection with this site, including: Questions and Inquiries For inquiries and questions, we collect the inquiry or question, together with name, contact details email address, phone number and mailing address and any other additional information voluntarily submitted to us through a Contact Us form or an email.
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These financial crisis events leave distinct statistical signatures in the time series record that divide sharply between each type of shock. Empirical analysis reveals a clear picture: after financial crises the dominant pattern is that imports contract, exports hold steady or even rise, and the real exchange rate depreciates.
History shows financial crises are predominantly a negative shock to demand. Citation Benguria, Felipe, and Alan M. Javascript must be enabled to use this site. Please enable Javascript in your browser and try again. Now Reading:. Membership My Account. Rewards for Good. Share with facebook. Share with twitter.
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