International Contagion 1618–1930
Robert Z. Aliber and
Charles P. Kindleberger
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Robert Z. Aliber: University of Chicago
Charles P. Kindleberger: Massachusetts Institute of Technology
Chapter 8 in Manias, Panics, and Crashes, 2015, pp 183-199 from Palgrave Macmillan
Abstract:
Abstract The first question suggested by the review of the historical record that banking crises occur in waves is the source of the shocks that led to the surges in indebtedness and the prices of securities in the boom that precedes each of these crises. The second is the connection that links the crises that occur at about the same time in different countries — why did Mexico, Brazil, and Argentina have banking crises in the summer of 1982 and why did Iceland and Britain have a crisis at about same time as the one in the United States in 2008.
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-52574-1_9
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DOI: 10.1007/978-1-137-52574-1_9
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