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An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime

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NBER2018-01-01 更新2025-01-04 收录
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This paper surveys the co-evolution of monetary policy and financial stability for a number of countries across four exchange rate regimes from 1880 to the present. I present historical evidence on the incidence, costs and determinants of financial crises, combined with narratives on some famous

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2018-01-01
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