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- W3123883048 abstract "This lecture revisits the evidence on the incidence and severity of different varieties of financial crises within the context of globalization then (pre-1914) and now (1980 to the present). I then discuss the determinants of emerging market crises from the perspective of the recent balance sheet approach. This approach puts at center stage the importance of financial development. I then peel the onion back further and consider the “deep” institutional determinants of financial development and their relationship to financial stability. I conclude by conjecturing about the ways countries learn from their financial crises to improve their institutions and grow up to financial stability." @default.
- W3123883048 created "2021-02-01" @default.
- W3123883048 creator A5091502988 @default.
- W3123883048 date "2007-03-01" @default.
- W3123883048 modified "2023-09-24" @default.
- W3123883048 title "Growing Up to Financial Stability" @default.
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- W3123883048 doi "https://doi.org/10.3386/w12993" @default.
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