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Reducing the Risk of Economic Crisis

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  • Martin Feldstein

Abstract

This paper examines the four most important potential economic crises that the United Stares fared in the 1980s in order to see what lessons can be drawn, individually and collectively, from these experiences: (1) the-developing country debt crisis; (2) the 1907 stork marker crash; (3) failures of savings and loan institutions; and (4) commercial bank failures.

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File URL: http://www.nber.org/papers/w3620.pdf
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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 3620.

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Date of creation: Feb 1991
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Handle: RePEc:nbr:nberwo:3620

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Cited by:
  1. Shankar, Rashmi, 2002. "Distinguishing between observationally equivalent theories of crises," Policy Research Working Paper Series 2926, The World Bank.
  2. Leonardo Hernández & Óscar Landerretche, 2002. "Capital Inflows, Credit Booms, and Macroeconomic Vulnerability: The Cross-Country Experience," Central Banking, Analysis, and Economic Policies Book Series, in: Leonardo Hernández & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (S (ed.), Banking, Financial Integration, and International Crises, edition 1, volume 3, chapter 7, pages 199-234 Central Bank of Chile.

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