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Banking Crises and the Rules of the Game

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NBER2009-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15403
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When and why do banking crises occur? Banking crises properly defined consist either of panics or waves of costly bank failures. These phenomena were rare historically compared to the present. A historical analysis of the two phenomena (panics and waves of failures) reveals that they do not always
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2009-10-01
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