Matches in SemOpenAlex for { <https://semopenalex.org/work/W2104456410> ?p ?o ?g. }
- W2104456410 endingPage "82" @default.
- W2104456410 startingPage "52" @default.
- W2104456410 abstract "Financial crises Lessons from the last 120 years The crisis problem is one of the dominant macroeconomic features of our age. Its prominence suggests questions like the following: Are crises growing more frequent? Are they becoming more disruptive? Are economies taking longer to recover? These are fundamentally historical questions, which can be answered only by comparing the present with the past. To this end, this paper develops and analyses a data base spanning 120 years of financial history. We find that crisis frequency since 1973 has been double that of the Bretton Woods and classical gold standard periods and is rivalled only by the crisis‐ridden 1920s and 1930s. History thus confirms that there is something different and disturbing about our age. However, there is little evidence that crises have grown longer or output losses have become larger. Crises may have grown more frequent, in other words, but they have not obviously grown more severe. Our explanation for the growing frequency and chronic costs of crises focuses on the combination of capital mobility and the financial safety net, including the implicit insurance against exchange risk provided by an ex ante credible policy of pegging the exchange rate, which encourages banks and corporations to accumulate excessive foreign currency exposures. We also provide policy recommendations for restoring stability and growth. — Michael Bordo, Barry Eichengreen, Daniela Klingebiel and Maria Soledad Martinez‐Peria" @default.
- W2104456410 created "2016-06-24" @default.
- W2104456410 creator A5043537207 @default.
- W2104456410 creator A5045305197 @default.
- W2104456410 creator A5089729238 @default.
- W2104456410 creator A5091502988 @default.
- W2104456410 date "2001-04-01" @default.
- W2104456410 modified "2023-10-18" @default.
- W2104456410 title "Is the crisis problem growing more severe?" @default.
- W2104456410 cites W1483776844 @default.
- W2104456410 cites W1489261994 @default.
- W2104456410 cites W1513774498 @default.
- W2104456410 cites W1537824135 @default.
- W2104456410 cites W1546260711 @default.
- W2104456410 cites W1591400044 @default.
- W2104456410 cites W1594427380 @default.
- W2104456410 cites W1791951503 @default.
- W2104456410 cites W1999048455 @default.
- W2104456410 cites W2020046435 @default.
- W2104456410 cites W2052374841 @default.
- W2104456410 cites W2109295402 @default.
- W2104456410 cites W2110375930 @default.
- W2104456410 cites W2112559425 @default.
- W2104456410 cites W2119201528 @default.
- W2104456410 cites W2124793887 @default.
- W2104456410 cites W2222203740 @default.
- W2104456410 cites W281256767 @default.
- W2104456410 cites W2954454312 @default.
- W2104456410 cites W3121913696 @default.
- W2104456410 cites W3122919990 @default.
- W2104456410 cites W3123899433 @default.
- W2104456410 cites W3124271369 @default.
- W2104456410 cites W3124643299 @default.
- W2104456410 cites W3125027203 @default.
- W2104456410 cites W3125098045 @default.
- W2104456410 cites W3125135097 @default.
- W2104456410 cites W3125941615 @default.
- W2104456410 cites W3146668795 @default.
- W2104456410 cites W78126552 @default.
- W2104456410 cites W2799084833 @default.
- W2104456410 doi "https://doi.org/10.1111/1468-0327.00070" @default.
- W2104456410 hasPublicationYear "2001" @default.
- W2104456410 type Work @default.
- W2104456410 sameAs 2104456410 @default.
- W2104456410 citedByCount "910" @default.
- W2104456410 countsByYear W21044564102012 @default.
- W2104456410 countsByYear W21044564102013 @default.
- W2104456410 countsByYear W21044564102014 @default.
- W2104456410 countsByYear W21044564102015 @default.
- W2104456410 countsByYear W21044564102016 @default.
- W2104456410 countsByYear W21044564102017 @default.
- W2104456410 countsByYear W21044564102018 @default.
- W2104456410 countsByYear W21044564102019 @default.
- W2104456410 countsByYear W21044564102020 @default.
- W2104456410 countsByYear W21044564102021 @default.
- W2104456410 countsByYear W21044564102022 @default.
- W2104456410 countsByYear W21044564102023 @default.
- W2104456410 crossrefType "journal-article" @default.
- W2104456410 hasAuthorship W2104456410A5043537207 @default.
- W2104456410 hasAuthorship W2104456410A5045305197 @default.
- W2104456410 hasAuthorship W2104456410A5089729238 @default.
- W2104456410 hasAuthorship W2104456410A5091502988 @default.
- W2104456410 hasBestOaLocation W21044564102 @default.
- W2104456410 hasConcept C122251271 @default.
- W2104456410 hasConcept C141121606 @default.
- W2104456410 hasConcept C162324750 @default.
- W2104456410 hasConcept C165556158 @default.
- W2104456410 hasConcept C166957645 @default.
- W2104456410 hasConcept C18547055 @default.
- W2104456410 hasConcept C2776671347 @default.
- W2104456410 hasConcept C2776988154 @default.
- W2104456410 hasConcept C2778300220 @default.
- W2104456410 hasConcept C2983132609 @default.
- W2104456410 hasConcept C2992337254 @default.
- W2104456410 hasConcept C556758197 @default.
- W2104456410 hasConcept C73283319 @default.
- W2104456410 hasConcept C83646750 @default.
- W2104456410 hasConcept C95457728 @default.
- W2104456410 hasConceptScore W2104456410C122251271 @default.
- W2104456410 hasConceptScore W2104456410C141121606 @default.
- W2104456410 hasConceptScore W2104456410C162324750 @default.
- W2104456410 hasConceptScore W2104456410C165556158 @default.
- W2104456410 hasConceptScore W2104456410C166957645 @default.
- W2104456410 hasConceptScore W2104456410C18547055 @default.
- W2104456410 hasConceptScore W2104456410C2776671347 @default.
- W2104456410 hasConceptScore W2104456410C2776988154 @default.
- W2104456410 hasConceptScore W2104456410C2778300220 @default.
- W2104456410 hasConceptScore W2104456410C2983132609 @default.
- W2104456410 hasConceptScore W2104456410C2992337254 @default.
- W2104456410 hasConceptScore W2104456410C556758197 @default.
- W2104456410 hasConceptScore W2104456410C73283319 @default.
- W2104456410 hasConceptScore W2104456410C83646750 @default.
- W2104456410 hasConceptScore W2104456410C95457728 @default.
- W2104456410 hasIssue "32" @default.
- W2104456410 hasLocation W21044564101 @default.
- W2104456410 hasLocation W21044564102 @default.
- W2104456410 hasOpenAccess W2104456410 @default.
- W2104456410 hasPrimaryLocation W21044564101 @default.