Rose, Andrew K.; Spiegel, Mark M. - Federal Reserve Bank of San Francisco - 2009
exposed in national and international
financial regulatory frameworks. Bernanke (2009) notes that the crisis revealed the … country’s economic position,
e.g. Demirguc-Kunt and Serven (2009).
In addition to formal regulatory weaknesses, Bernanke … conditions. For example, Bernanke (2009a) notes that the housing boom was fueled in
“large part” by a rapid expansion in …