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The Mother of All Sudden Stops: Capital Flows and Reversals in Europe, 1919-32

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NBER2013-10-01 更新2025-01-04 收录
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We present new data documenting European capital issues in major financial centers from 1919 to 1932. Push factors (conditions in international capital markets) perform better than pull factors (conditions in the borrowing countries) in explaining the surge and reversal in capital flows. In

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2013-10-01
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