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literature, and reflects on possible future patterns. We start with panel regressions explaining the current account of 69 … insignificant changes of current account deficits of countries running deficits. Overall, the panel regressions account for not more …
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This paper investigates the impact of the history of crises on macroeconomic performance. We first study the impact of past banking crises on the probability of a future banking crisis. Applying data for 1980 - 2010 for all countries for which the required information is available, controlling...
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