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[...]In our view, this apparently surprising immunity of the U.S.economy to the Asia crisis reflects the fact that the original wayof thinking about the crisis was flawed. First, it focused only ondemand-side channels and ignored the supply side. Second, thedepreciation of the Asian currencies...
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[...]This article demonstrates that the Bank Holiday that beganon March 6, 1933, marked the end of an old regime, and … significant 15.34 percent onMarch 15, 1933 (taking into account the two-week trading haltduring the Bank Holiday), and by the end …
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