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The book explores the evolution of financial cycles beyond the traditional six to seven-year business cycle, drawing on Nikolai Kondratieff's theory of long waves in economic life. It emphasizes the significance of longer-term financial cycles and the emerging trend of de-globalization, which is reshaping global economic dynamics. The author argues that current economic realities, including rising public debt and banking industry behaviors, necessitate a new analytical framework to address these complexities and risks in the financial landscape.
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Financial Cycles, Dimitris N. Chorafas
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- Année de publication
- 2015
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