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External Imbalances and Financial Crises

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NBER2012-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18606
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In broad perspective, there have been essentially two competing views of the global financial crisis, albeit there are some complementarities among them. One view looks across the border: it mainly blames external imbalances, the large-scale mix of unprecedented pattern current account deficits and
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2012-12-01
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