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Article: Recent studies from University of Cassino add new data to economic modelling.(Report)
- Article from:
- Economics Week
- Article date:
- March 27, 2009
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According to a study from Cassino, Italy, "Over the last two decades several countries experienced currency crises. These were characterized both by a huge disruption of economic activity and an extreme speed of diffusion within countries."
"The financial turmoil happened in a period of very high degree of international financial integration. As a result financial liberalization was associated with greater incidence of crises and this brought an intense debate in both academic and policy circles about the consequences of free capital movements. In this paper we aim to check the existence and the strength of credit channel and balance sheet effects in countries ...