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While paramount to the modern economy, understanding how the banking system works has been usually cast aside from overall economic education. Even in the after
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This volume chronicles the evolution of modern financial markets against the backdrop of some of the finance world's most infamous crises. Financial periods are
Financial Crises Explanations, Types, and Implications
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This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since ma
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Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic bank
Credit, Money and Crises in Post-Keynesian Economics
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In this volume, Louis-Philippe Rochon and Hassan Bougrine bring together key post-Keynesian voices in an effort to push the boundaries of our understanding of b