Financial crises, credit booms, and external imbalances: 140 years of lessons

"Do external imbalances increase the risk of financial crises? In this paper, we study the experience of 14 developed countries over 140 years (1870-2008). We exploit our long-run dataset in a number of different ways. First, we apply new statistical tools to describe the temporal and spatial p...

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Bibliographic Details
Main Authors: National Bureau of Economic Research, Cambridge, Jordà, Oscar, Schularick, Moritz, Taylor, Alan M.
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Cambridge, MA 2010
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Online Access:https://www.labourline.org/KENTIKA-19183261124919014439-Financial-crises,-credit-booms.htm

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