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A key precursor of twentieth-century financial crises in emerging and advanced economies alike was the rapid buildup of leverage. Those emerging economies that avoided leverage booms during the 2000s also were most likely to avoid the worst effects of the twenty-first century's first global...
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changing demands for modern central bank interventions in the economy. Financial instability, followed by WWII, left a world …
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.2.3 International aspects of capital-market crises -- 1.3 The emergence of world capital markets -- 1.3.1 Early modern financial … narrative -- Part two Global Capital in Modern Historical Perspective -- 2 Globalization in Capital Markets: Quantity Evidence ….5 Caveats: Quantity criteria -- 3 Globalization in Capital Markets: Price Evidence -- 3.1 Exchange-risk-free nominal interest …
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