Formación de Recurso Humano para la Ctel: Proyecto ejecutado con investigadores en empresas, industrias y Estado
Crisis financieras: esta vez no es distinto
Fecha
2019-02-08Registro en:
Rivera, M., & Rivera, N., (2019) Crisis financieras: esta vez no es distinto Bogotá: Universidad Católica de Colombia
Autor
Rivera Lozano, Miller
Rivera Garzón, Nicolás
Institución
Resumen
This article discusses the main theoretical characteristics of several types of financial crises. With this objective in mind, it presents a detailed explanation of the functioning of the modern financial system, recent history of macroeconomics, and the conceptual and empirical properties of financial crises. It concludes that a central bank is limited to act against credit bubbles
and that current macroeconomic models cannot explain correctly interactions in financial markets. In addition, it deduces the possibility that emerging economies worldwide will experience financial crisis in the coming months