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Central banks and crisis management


  • Joseph G. Haubrich
  • James B. Thomson
  • O. Emre Ergungor


As 2007 began, historians prepared to reflect on several anniversaries of financial turmoil. It had been 10 years since the East Asian crisis, 20 years since the Black Monday stock market crash, 100 years since the Panic of 1907, and 150 years since the Hamburg financial crisis of 1857. Not many, however, could have predicted that 2007 would write its own chapter in history with the subprime mortgage meltdown.

Suggested Citation

  • Joseph G. Haubrich & James B. Thomson & O. Emre Ergungor, 2007. "Central banks and crisis management," Annual Report, Federal Reserve Bank of Cleveland, pages 7-20.
  • Handle: RePEc:fip:fedcar:y:2007:p:7-20

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    Cited by:

    1. James B. Thomson, 2010. "Cleaning up the refuse from a financial crisis: the case for a resolution management corporation," Working Paper 1015, Federal Reserve Bank of Cleveland.

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    Financial crises ; Banks and banking; Central;


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