Credit Growth and the Financial Crisis: A New Narrative
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A broadly accepted view contends that the 2007-09 financial crisis in the U.S. was caused by an expansion in the supply of credit to subprime borrowers during the 2001- 2006 credit boom, leading to the spike in defaults and foreclosures that sparked the crisis. We use a large administrative panel of
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美国国家经济研究局创建时间：
2017-08-01
