Financial Cycles: Sovereigns, Bankers, and Stress Tests

by Dimitris N. Chorafas

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.

• Format: Hardcover
• Language: English
• ISBN: 1137497971
• ISBN13: 9781137497970
• Release Date: March 2015
• Publisher: Palgrave MacMillan
• Length: 242 Pages
• Weight: 0.99 lbs.
• Dimensions: 0.6" x 5.5" x 8.5"