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This Time is Different: Eight Centuries of Financial Folly is one of the best, if not the best, books ever written on the history of financial crises. It presents a comprehensive survey of financial crises utilizing an extraordinary database of macroeconomic and financial series. The massive...
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-market premium and putting more downward pressure on domestic prices. "--World Bank web site …
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, however, is that there seem to be certain "threshold" levels of financial and institutional development that an economy needs …
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