Lessons for CESEE Countries
Edited by Ewald Nowotny, Doris Ritzberger-Grünwald and Peter Backé
What is the link between the financial cycle - financial booms, followed by busts - and the real economy? What is the direction of this link and how salient is this connection? This unique book examines these fundamental questions and offers a paramount contribution to the debate surrounding the recent financial and economic crisis.
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- Financial Cycles and the Real Economy
- Chapter 1: Towards a European perspective on financial integration
- Chapter 2: The financial cycle and macroeconomics: what have we learned and what are the policy implications?
- Chapter 3: Do we need new modelling approaches in macroeconomics?
- Chapter 4: Economic convergence across Central, Eastern and South-Eastern Europe: achievements and challenges
- Chapter 5: Capital flows as a source of funding in a catching-up economy: lessons from the crisis, challenges for the future
- Chapter 6: Synchronization and decoupling of cycles in Slovenia
- Chapter 7: Credit cycles and central bank policy in Croatia: lessons from the 2000s
- Chapter 8: Two Czech crises revisited: pantarhei
- Chapter 9: Do we understand what drives house prices?
- Chapter 10: The real estate sector and the financial crisis: the Spanish experience
- Chapter 11: Housing bubbles: what are their causes and can we get rid of them?
- Chapter 12: Finance, growth and crisis: a European perspective
- Chapter 13: The finance–growth nexus: evidence from ten new EU members
- Chapter 14: Finance, potential output and the business cycle
- Chapter 15: Building resilient financial systems in the CESEE region
- Chapter 16: How to deal with the financial cycle: the case of Serbia
- Chapter 17: Financial cycles and macroprudential policy
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