kaal:claim:2273857-025

An exogenous shock, often a fundamental technological advancement, starts the crisis sequence by creating conditions for optimism in the real and financial sectors of the economy.

Source quote, verbatim

An exogenous shock in the economy often starts this sequence of events by creating conditions for optimism in the real and financial sectors of the economy.

From

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013), II.1 Common Denominators of Financial Crises, p. 13
https://ssrn.com/abstract=2273857 · source PDF

Cite as

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857

Holds when

historical pattern of banking crises

Classification

mechanismsupport: evidencedinnovation

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