Understanding Global Crises: An Emerging Paradigm

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Financial crises have some common storylines, among them bursting asset bubbles, bank failures, sharp tightening of credit, and downturn in trade. They are also different from one another. Some start with sudden reversal of international capital flows, others with domestic credit implosions. A challenge to economic research is to integrate common as well as disparate threads into a coherent analytical framework that is at the same time empirically testable. In Understanding Global Crises , Assaf Razin offers a review of an ...

Understanding Global Crises: An Emerging Paradigm 2014, Mit Press, Cambridge

ISBN-13: 9780262028592

Hardcover

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