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The Central Role of Credit Crunches in Recent Financial History

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Author Info
Albert M. Wojnilower (First Boston Corporation)
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File URL: http://www.brookings.edu/press/Journals/2007/brookingspapersoneconomicactivity12007.aspx
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Article provided by Economic Studies Program, The Brookings Institution in its journal Brookings Papers on Economic Activity.

Volume (Year): 11 (1980)
Issue (Month): 1980-2 ()
Pages: 277-340
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Handle: RePEc:bin:bpeajo:v:11:y:1980:i:1980-2:p:277-340

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Related research
Keywords: macroeconomics; credit;

Cited by:
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  1. Michael D. Bordo & Joseph G. Haubrich, 2009. "Credit Crises, Money and Contractions: an historical view," NBER Working Papers 15389, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. Cara S. Lown & Donald P. Morgan, 2002. "Credit effects in the monetary mechanism," Economic Policy Review, Federal Reserve Bank of New York, issue May, pages 217-235. [Downloadable!]
  3. Jorge A. Chan-Lau & Iryna V. Ivaschenko, 2001. "Corporate Bond Risk and Real Activity: An Empirical Analysis of Yield Spreads and their Systematic Components," IMF Working Papers 01/158, International Monetary Fund. [Downloadable!]
  4. R. Glenn Hubbard, 1997. "Capital-Market Imperfections and Investment," NBER Working Papers 5996, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  5. Goetz von Peter, 2003. "A Unified Approach to Credit Crunches, Financial Instability, and Banking Crises," Macroeconomics 0312006, EconWPA. [Downloadable!]
  6. George Sofianos & Arie Melnik & Paul Wachtel, 1991. "Loan Commitments and Monetary Policy," NBER Working Papers 2232, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  7. Goetz von Peter, 2004. "Asset Prices and Banking Distress: A Macroeconomic Approach," Finance 0411034, EconWPA. [Downloadable!]
    Other versions:
  8. Rajiv Sethi, 1992. "Dynamics of learning and the financial instability hypothesis," Journal of Economics, Springer, vol. 56(1), pages 39-70, February. [Downloadable!] (restricted)
  9. Christina D. Romer & David H. Romer, 1994. "Credit Channel or Credit Actions? An Interpretation of the Postwar Transmission Mechanism," NBER Working Papers 4485, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  10. J. Bradford De Long & Andrei Shleifer & Lawrence H. Summers & Robert J. Waldmann, 1989. "The Size and Incidence of the Losses from Noise Trading," NBER Working Papers 2875, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  11. James N. Devine, 1987. "Cyclical Over-Investment and Crisis in a Labor-Scarce Economy," Eastern Economic Journal, Eastern Economic Association, vol. 13(3), pages 271-280, Jul-Sep. [Downloadable!]
  12. Martin H. Wolfson, 1993. "Corporate Restructuring and the Budget Deficit Debate," Eastern Economic Journal, Eastern Economic Association, vol. 19(4), pages 495-520, Fall. [Downloadable!]
  13. Franz R. Hahn, . "Macroprudential Financial Regulation and Monetary Policy," WIFO Working Papers 154, WIFO. [Downloadable!]
  14. Edwin Dickens, 1999. "A Political-Economic Critique of Minsky's Financial Instability Hypothesis: the case of the 1966 financial crisis," Review of Political Economy, Taylor and Francis Journals, vol. 11(4), pages 379-398, October. [Downloadable!] (restricted)
  15. Lawrence H. Summers, 1986. "Debt Problems and Macroeconomic Policies," NBER Working Papers 2061, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  16. Michael Woodford, 1996. "Loan Commitments and Optimal Monetary Policy," NBER Working Papers 5660, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
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