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Reducing the Risk of Economic Crisis


  • Martin Feldstein


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.

Suggested Citation

  • Martin Feldstein, 1991. "Reducing the Risk of Economic Crisis," NBER Working Papers 3620, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:3620
    Note: ME

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    References listed on IDEAS

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    12. Alan J. Auerbach & James R. Hines, Jr., 1987. "Anticipated Tax Changes and the Timing of Investment," NBER Chapters,in: The Effects of Taxation on Capital Accumulation, pages 163-200 National Bureau of Economic Research, Inc.
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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. John H. Boyd & Mark Gertler, 1993. "U.S. Commercial Banking: Trends, Cycles, and Policy," NBER Chapters,in: NBER Macroeconomics Annual 1993, Volume 8, pages 319-377 National Bureau of Economic Research, Inc.
    3. 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 (Se (ed.), Banking, Financial Integration, and International Crises, edition 1, volume 3, chapter 7, pages 199-234 Central Bank of Chile.

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