This paper studies the transmission of oil price uncertainty (OPU) to real economic activities by focusing on the role of financial condition. We find that financial stress is an important link in the propagation of OPU based on China's macro and firm-level data. We document significant decrease...

The causes and consequences of the financial crises in the Nordic countries in the early 1990s are examined and lessons from this episode are extracted. The focus is on the boom-bust episode in Finland, Norway and Sweden as these three economies went into a deep recession. The lessons from the...