An Historical Perspective on the Crisis of 2007-2008
Michael Bordo ()
No 14569, NBER Working Papers from National Bureau of Economic Research, Inc
This paper provides an historical perspective on the crisis of 2007-2008. The crisis is part of a perennial pattern. It has echoes in earlier big international financial crises which were triggered by events in the U.S. financial system. Examples include the crises of 1857, 1893 1907 and 1929-33. This crisis has many similarities to those of the past but also some important modern twists.
JEL-codes: N10 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-his and nep-pke
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