Financial cycles and the real economy : lessons for CESEE countries /

Other Authors: Nowotny, Ewald,, Ritzberger-Grunwald, Doris,, Backe, Peter
Format: Book
Language:English
Published: Northampton, MA Cheltenham, UK: Edward Elgar, 2014
Subjects:
Table of Contents:
  • List of contributors
  • Preface
  • Part I. Framing the discussion on the finance - growth nexus: 1. Towards a European perspective on financial integration 2. The financial cycle and macroeconomics: what have we learned and what are the policy implications? 3. Do we need new modeling approaches in macroeconomics? 4. Economic convergence and challenges
  • Part II. Credit cycles, central bank policy and the real economy in Cesee: 5. Capital flows as a source of funding in a catching - up economy: the lessons from the crisis, challenges for the future 6. Synchronization and decoupling of cycles in Slovenia 7. Credit cycles and central bank policy in Croatia: lessons from the 2000s 8. Two Czech crises revisited: panta rhei
  • Part III. Real estate bubbles and the financial crisis: 9. Do we understand drives house prices? 10. The real estate sector and the financial crisis: the Spanish experience 11. Housing bubbles: what are their causes and can we get rid of them?
  • Part IV. The finance - growth nexus: implications for Cesee: 12. Finance, growth and crisis: a European perspective 13. The finance - growth nexus: evidence from ten new EU members 14. Finance, potential output and the business cycle
  • Part V. The policy response in Europe: how to deal with the financial cycle: 15. Building resilient financial systems in the Cesee region 16. How to deal with the financial cycle: the case of Serbia 17. Financial cycles and macroprudential policy
  • Index