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Сучасні Моделі Фінансових Криз
[The modern models of financial crisis]

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  • Petrushchak, Bohdan

Abstract

The theoretical aspects of three generation of financial crisis’ models are analyzed. On the basis of retrospective analysis of these models are determined the main causes than make the economic misbalance more profound and than cause a crisis. Проаналізовано теоретичні аспекти трьох генерацій моделей фінансових криз. На основі ретроспективного аналізу моделей виникнення, розвитку і перебігу фінансових криз визначено основні фактори ризику, наявність яких сприяє поглибленню економічних дисбалансів, а відтак і зародженню фінансової кризи.

Suggested Citation

  • Petrushchak, Bohdan, 2010. "Сучасні Моделі Фінансових Криз [The modern models of financial crisis]," MPRA Paper 30020, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:30020
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    File URL: https://mpra.ub.uni-muenchen.de/30020/1/MPRA_paper_30020.pdf
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    References listed on IDEAS

    as
    1. Gerard Caprio & Patrick Honohan, 2008. "Banking Crises," Center for Development Economics 2008-09, Department of Economics, Williams College.
    2. repec:bpj:pewipo:v:1:y:2000:i:3:p:259-279:n:2 is not listed on IDEAS
    3. Douglas W. Diamond & Philip H. Dybvig, 2000. "Bank runs, deposit insurance, and liquidity," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 24(Win), pages 14-23.
    4. Mr. Fabian Valencia & Mr. Luc Laeven, 2008. "Systemic Banking Crises: A New Database," IMF Working Papers 2008/224, International Monetary Fund.
    5. Dooley, Michael P, 2000. "A Model of Crises in Emerging Markets," Economic Journal, Royal Economic Society, vol. 110(460), pages 256-272, January.
    6. Krugman, Paul, 1979. "A Model of Balance-of-Payments Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(3), pages 311-325, August.
    7. Michael Frenkel & Lukas Menkhoff, 2000. "Neue internationale Finanzarchitektur: Defizite und Handlungsoptionen," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 1(3), pages 259-279, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Фінансова криза; моделі фінансових криз; очікування; що само реалізуються; екзогенний шок; “ефект фінансового інфікування”; “стадний інстинкт”; “ефект доміно”; асиметрична інформація; несприятливий вибір; моральний ризик; Financial crisis; the model of financial crisis; self-fulfilling prophecy; exogenous shock; financial contagion; Domino effect; asymmetric information; moral hazard; adverse selection;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G01 - Financial Economics - - General - - - Financial Crises
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • F3 - International Economics - - International Finance
    • G0 - Financial Economics - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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