The Political Economy of Financial Crises
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https://www.nber.org/papers/w35101
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Financial crises remain a recurrent feature of modern economies despite evidence that many are predictable and preventable. This chapter discusses how financial instability often reflects a political equilibrium rather than purely technocratic shortcomings. Contrasting economic and political
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美国国家经济研究局创建时间：
2026-04-01
