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dc.contributor.authorRaghavendra, Srinivas
dc.date.accessioned2013-11-08T12:41:47Z
dc.date.available2013-11-08T12:41:47Z
dc.date.issued2012
dc.identifier.citationBhaduri, Amit; Guttal, Vishwesha (2012) An Investigation into the Dynamics of Financial Catastrophe. Working Paperen_US
dc.identifier.urihttp://hdl.handle.net/10379/3791
dc.descriptionWorking paperen_US
dc.description.abstractThe paper captures the dynamics of interaction between the real and the nancial sector in a model of endogenous credit that exhibits multiple steady states and generates phase transitions with catastrophic abrupt- ness. This resembles aspects of nancial meltdowns witnessed in global capital markets in recent times. The paper also explains how nan- cial crisis assume dierent characteristics under alternative monetary arrangements in regimes of prot- and wage-led growth and, concludes with linking the analysis to the recent nancial crises in the United States and in the Eurozone.en_US
dc.formatapplication/pdfen_US
dc.language.isoenen_US
dc.publisherEconomics Working Paperen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Ireland
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/3.0/ie/
dc.subjectFinancial crisisen_US
dc.subjectEndogenous crediten_US
dc.subjectComposition effecten_US
dc.subjectDebt defaulten_US
dc.subjectSystemic illiquidityen_US
dc.subjectCusp catastropheen_US
dc.subjectAbrupt changeen_US
dc.subjectHysteresisen_US
dc.titleAn investigation into the dynamics of financial catastropheen_US
dc.typeWorking Paperen_US
dc.date.updated2013-10-03T12:42:23Z
dc.description.peer-reviewednon-peer-reviewed
dc.contributor.funder|~|
dc.internal.rssid5130083
dc.local.contactSrinivasan Raghavendran, Department Of Economics, Nui, Galway. 5025 Email: s.raghav@nuigalway.ie
dc.local.copyrightcheckedYes
dc.local.versionSUBMITTED
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Attribution-NonCommercial-NoDerivs 3.0 Ireland
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Ireland