On Graduation from Default, Inflation and Banking Crisis: Elusive or Illusion?
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This paper uses a data set of over two hundred years of sovereign debt, banking and inflation crises to explore the question of how long it takes a country to "graduate" from the typical pattern of serial crisis that most emerging markets experience. We find that for default and inflation crises,
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美国国家经济研究局创建时间：
2010-07-01
