Productivity booms, bank fragility, and financial crises

While financial crises tend to be preceded by economic booms, most booms do not end with crises. Crises typically occur when booms are interrupted by persistent slowdowns in productivity growth. I develop a model in which risk of crisis emerges endogenously during boom because of increased fragility...

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书目详细资料
主要作者: Doshchyn, A
格式: Working paper
语言:English
出版: University of Oxford 2022