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15-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 02:51 in External Blog | Permalink | Comments () | Top
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