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the rest of the world rather than focusing on issues with U.S. monetary and fiscal policies. In addition, at the urging of …
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organize: World War I, Bretton Woods, 1970s Great Inflation and Managed Floating. Each turning point was characterized by …
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the rest of the world rather than focusing on issues with U.S. monetary and fiscal policies. In addition, at the urging of …
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Interconnections between banking crises and fiscal crises have a long history. We document the long-run evolution from classic banking panics towards modern banking crises where financial guarantees are associated with crisis resolution. Recent crises feature a feedback loop between bank...
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