Macroeconomic Adjustment and the History of Crises in Open Economies
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This paper investigates the impact of the history of crises on macroeconomic performance. We first study the impact of past banking crises on the probability of a future banking crisis. Applying data for 19802010 for all countries for which the required information is available, controlling for
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美国国家经济研究局创建时间：
2012-11-01
