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We analyze the main forces affecting financial system pro-cyclicality (the fact that developments in the financial sector can amplify business cycle fluctuations). We first review some major structural developments in financial markets that may influence pro-cyclicality and that have been...
Persistent link: https://www.econbiz.de/10014203653
Like most industrialized countries and many developing countries, Austria has taken measures to stabilise financial …
Persistent link: https://www.econbiz.de/10013112394