Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1013943 | Business Horizons | 2013 | 9 Pages |
Abstract
A good financial system is essential for a well-functioning and efficient economy. It allocates capital to its most productive uses and manages risk. However, financial systems are fragile, and this fragility can cause financial crises which usually impact the real economy, as Japan and the United States have experienced. The causes of a financial crisis are many and varied, but commonalities exist. Financial crises usually create long periods of slow economic growth.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Robert C. Klemkosky,