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Is the 2007 US sub-prime financial crisis so different? : an international historical comparison

Reinhart, Carmen M.; Rogoff, Kenneth S. - 2008

"Is the 2007-2008 U.S. sub-prime mortgage financial crisis truly a new and different phenomena? Our examination of the longer historical record finds stunning qualitative and quantitative parallels to 18 earlier post-war banking crises in industrialized countries. Specifically, the run-up in...

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