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Political Booms, Financial Crises

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NBER2014-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20346
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We show that political booms, measured by the rise in governments' popularity, predict financial crises above and beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in emerging economies. We show that governments in emerging economies
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2014-07-01
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