Sawada, Yasuyuki; Yotopoulos, Pan A. - In: Zagreb International Review of Economics and Business 5 (2002) 2, pp. 83-99
Traditional approaches to the etiology of financial crises focus on the fundamentals of an economy, more specifically on the disequilibrium in the balance of payments. The purpose of this paper is to extend this ‘first generation’ literature of financial crises with a general model that...