User:Jkfyaid/Financial Fragility

Financial Fragility is the vulnerability of a financial system to a financial crisis.[1] Franklin Allen and Douglas Gale define financial fragility as the degree to which "...small shocks have disproportionately large effects." [2] Roger Lagunoff and Stacey Schreft write, "In macroeconomics, the term "financial fragility" is used...to refer to a financial system's susceptibility to large-scale financial crises caused by small, routine economic shocks."[3]

  1. ^ http://krugman.blogs.nytimes.com/2011/02/04/another-kind-of-financial-fragility/
  2. ^ Allen, Franklin (2004). "Financial Fragility, Liquidity, and Asset Prices". Journal of the European Economic Association. 2 (6): 1015–1048. doi:10.1162/JEEA.2004.2.6.1015. {{cite journal}}: Unknown parameter |coauthors= ignored (|author= suggested) (help); Unknown parameter |month= ignored (help)
  3. ^ Lagunoff, Roger (2001). "A Model of Financial Fragility". Journal of Economic Theory. 99 (1–2): 220–264. doi:10.1006/jeth.2000.2733. {{cite journal}}: Unknown parameter |coauthors= ignored (|author= suggested) (help)