Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/219795 
Authors: 
Year of Publication: 
2016
Series/Report no.: 
Institute of Economic Research Working Papers No. 12/2016
Publisher: 
Institute of Economic Research (IER), Toruń
Abstract: 
In this article, the idea of financial cycles will be explained as well as its impact on economy. Price bubble and financial accelerator play key role in financial cycle. If there exist disparities in finance markets and they are not stabilized, the future crisis may be more severe. The role of central banks, governments and surveillance institutions is to conducting adequate policy, aiming at maintaining financial stability not only in short but also in medium term.
Subjects: 
financial cycles
financial accelerator
macroprudential policy
JEL: 
G15
G18
O43
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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