The Costs of Financial Crises: Resource Misallocation, Productivity and Welfare in the 2001 Argentine Crisis
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https://www.nber.org/papers/w17552
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Financial crises in emerging market countries appear to be very costly: both output and a host of partial welfare indicators decline dramatically. The magnitude of these costs is puzzling both from an accounting perspective -- factor usage does not decline as much as output, resulting in large falls
新兴市场国家的金融危机代价似乎极高：无论是产出还是一系列局部福利指标均出现大幅下降。这些代价的规模从会计视角来看令人困惑——要素使用量的下降幅度远不及产出，从而导致大幅下降
提供机构：
美国国家经济研究局
创建时间：
2011-10-01
