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Understanding Global Crises: An Emerging Paradigm


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A historical and theoretical investigation of the "common storylines" of recent financial crises. 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 ...

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

ISBN-13: 9780262028592