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, and there are many papers on this important topic. The relationship between asset price bubbles, particularly in real …
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The thesis studies three pivotal episodes in the evolution of what became the Global Financial Crisis of 2008-09. These three events - the collapse of the US housing market, the breakdown of the repo money market, and the banking crash - are indispensable for understanding some of the key...
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builds up, during the run-up phase of crises and asset price bubbles, and increases when systemic risk materializes …
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