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The Anatomy of Financial Crises

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NBER1987-01-01 更新2025-01-04 收录
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A financial crisis is a disturbance to financial markets. associated typically with falling asset prices and insolvency among debtors and intermediaries, which spreads through the financial system, disrupting the markets capacity to allocate capital. In this paper we analyze the generation and

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1987-01-01
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