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14-Feb-08

"Our examination of the longer historical record finds stunning qualitative and quantitative..."

“Our examination of the longer historical record finds stunning qualitative and quantitative parallels to 18 earlier post-war banking crises in industrialized countries. Specifically, the run-up in U.S. equity and housing prices (which, for countries experiencing large capital inflows, stands out as the best leading indicator in the financial crisis literature)” - NBER working paper

 

Posted at 21:51 in External Blog  |   Permalink  |   Comments ()     |  Top

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