Peaks in financial cycles of 16 years and longer tend to coincide very closely with crises that cause serious economic damage and the virulence of these cycles has increased since the mid-1980s, according to a working paper by economists at the Bank for International Settlements.
    Prior to the global financial crises, economists typically focused on business cycles and believed that interest rates captured the interplay between the financial and real sides of an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards