Financial Cycles : Sovereigns, Bankers, and Stress Tests
Book Details
Format
Hardback
ISBN-10
1137497971
ISBN-13
9781137497970
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Mar 12th, 2015
Print length
242 Pages
Weight
462 grams
Dimensions
22.60 x 14.60 x 2.10 cms
Product Classification:
Public financePublic finance and taxationBanking
KSh 16,200.00
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As financial positions expand, the economy becomes more vulnerable to adverse and unexpected developments taking place outside the six to seven year business cycle.
As financial positions expand, the economy becomes more vulnerable to adverse and unexpected developments taking place outside the six to seven year business cycle. Over 50 years ago Nikolai Kondratieff developed the theory of "The Long Waves in Economic Life," which incorporated an extended cycle of innovation and upward thrust, and changed our understanding of business cycles in financial settings.
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