A Modern Guide to Financial Shocks and Crises

Elgar Modern Guides

Edited by Giovanni Ferri and Vincenzo D’Apice, LUMSA University, Italy

Offering a comprehensive guide to financial shocks and crises, this book explores their increasing occurrence in current market economies, as well as their power to wrench the macroeconomy. The book discusses three critical questions: what causes financial shocks; which channels may exacerbate their impact; and what policies could help avoid them or limit their negative effect on the economy and society at large.