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recent years. The last panic prior to the Depression sheds light on this debate. In April 1929, a fruit fly infestation in …
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1880. For banking crises we identify five global ones since 1880: 1890-91, 1907-08, 1913-14, 1931-32, 2007-2008.In terms of …
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"We focus on two international aspects of the Great Depression-financial crises and international trade- and try to discern lessons for the current economic crisis. Both downturns featured global banking crises which were generated by boom-slump macroeconomic cycles. During both crises, world...
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