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