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The International Transmission of Credit Bubbles: Theory and Policy

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NBER2015-02-01 更新2025-01-04 收录
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We live in a new world economy characterized by financial globalization and historically low interest rates. This environment is conducive to countries experiencing credit bubbles that have large macroeconomic effects at home and are quickly propagated abroad. In previous work, we built on the

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2015-02-01
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