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Financial Crises (Claessens & Kose)

Financial crises: explanations, types, and implications by Stijn Claessens and M. Ayhan Kose published by CAMA (01/2013). “This paper reviews the literature on financial crises focusing on three specific aspect. First, what are the main factors explaining financial crises? Second, what are the major types of financial crises. Third, what are the real and financial sector implications of crises?

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