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A Fisherian Approach to Financial Crises: Lessons from the Sudden Stops Literature

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NBER2020-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w26915
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Sudden Stops are financial crises defined by a large, sudden current-account reversal. They occur in both advanced and emerging economies and result in deep recessions, collapsing asset prices, and real exchange-rate depreciations. They are preceded by economic expansions, current-account deficits,
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2020-03-01
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