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alarm: Those who desire to effectively combat hunger in the world have to take real-economy precautions to ensure that food … rather been caused by fundamental factors in the real economy. This is why the majority of academic studies are not in favor … Finanzspekulation als Fehl-Alarm einzustufen: Wer den Hunger in der Welt wirksam bekämpfen will, muss realwirtschaftlich dafür Sorge …
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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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, however, is that there seem to be certain "threshold" levels of financial and institutional development that an economy needs …
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episode took a very heavy toll on the real economy, we argue that this was not a surprising outcome. In particular, historical …
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