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This paper argues that the banking crises in the United States in the early 1930s were similar to the "twin crisesʺ -- banking and balance of payments crises -- which have occurred in developing countries in recent years. The downturn that began in 1929 undermined banks that had made risky...
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The classic on crashes and financial crises Manias, Panics, and Crashes, Fifth Edition is a scholarly and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. Covering such topics as the history and anatomy of crises,...
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major impact on banks in the USA. In response to the 1980s and early 1990s crisis, and the more recent mortgage market …, particularly in comparison to the pre-crisis character of the US banking system and regulatory environment. In particular, this … the worst recession in the USA since the Great Depression. …
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