Subir Lall International Monetary Fund Global Issues Seminar Series October 25, 2006 Outline Introduction: Why Financial Systems Matter for Economic Fluctuations A Framework for Characterizing Financial Systems The Interaction between Financial Systems and the Economy
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International Monetary Fund
Global Issues Seminar Series
October 25, 2006
How to Characterize Financial Systems
How Do Financial SystemsAffect Business Cycles
....consumption should become more sensitive to changes in the price of assets