Financial Globalization, Financial Crises and Contagion
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Two observations suggest that financial globalization played an important role in the recent financial crisis. First, more than half of the rise in net borrowing of the U.S. nonfinancial sectors since the mid 1980s has been financed by foreign lending. Second, the collapse of the U.S. housing and
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美国国家经济研究局创建时间：
2009-10-01
