Global Imbalances and Financial Fragility
The United States is currently engulfed in the most severe financial crisis since the Great Depression. The crisis was triggered by the crash in the real estate "bubble" and amplified by the extreme concentration of risk in a highly leveraged financial sector. Conventional wisdom is that b...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
American Economic Association,
2011-03-02T18:30:04Z.
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| Subjects: | |
| Online Access: | Get fulltext |