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...

詳細記述

書誌詳細
第一著者: Doshchyn, A
フォーマット: Working paper
言語:English
出版事項: University of Oxford 2022

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