In sum, economists can find arguments to explain why countries are able to borrow abroad despite the limited rights of creditors. But the arguments are surprisingly complex, suggesting that sustainable debt levels may be fragile as well. Concerns over future access to capital markets, maintaining trade, and possibly broader international relations all support debt flows, with the relative emphasis and weights depending on factors specific to each situation. That is, even if lenders cannot directly go in and seize assets as in a conventional domestic default, they still retain leverage sufficient to entice a country to repay loans of at least modest size. We can dismiss, however, the popular notion that countries pay back their debts so that they can borrow even more in the future. Ponzi sc... (查看原文)
Two features stand out from the summary statistics presented in table. First is the persistence of the cycle in real housing prices in both advanced economies and emerging markets, typically for four to six years. The second feature that stands out from table is that the magnitudes of the declines in real housing prices around banking crises from peak to trough are not appreciably different in emerging and advanced economie. This comparability is quite surprising given that most macroeconomic time series exhibit drastically greater volatility in emerging markets; therefore, it merits further attention. Certainly the first results presented here from comparisons of housing price booms and busts around the dates of banking crises appears to provide strong support for the contention that bank... (查看原文)
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1 有用 蒋未央 2016-05-26 18:05:22
更像是论文集（还是要读经过时间考验的经典
0 有用 PLUTO在读书 2016-04-12 23:14:13
201608 其实不少数据还是很赞的，但实在是无奈，本来内容就有点枯燥晦涩，再加上台湾人的行文实在是不习惯，只能草草看一遍
0 有用 Kallas 2016-03-12 21:31:13
原来以为是本畅销书，结果发现是本学术书...
2 有用 liang 2012-12-18 17:55:28
很无聊的书，味同嚼蜡，来不及进入我读列表就被翻完了，全新，谁要，出个邮费就给
7 有用 坐觀千江月 2015-09-17 11:33:45
读这本书，又一次证明了我实在不适合读金融类的书，因为根本读！不！下！去！没办法，这辈子都不能见这种复杂的数据、表格分析类的书了。真没这个水平。不评分了。
0 有用 小豚豚 2023-05-29 23:53:09 北京
本书作者最大的工作量是整理出了最近几百年世界金融危机数据库，本书主要是对该数据库里各种类型的统计罗列，事实上连分析都谈不上，更没有什么洞见。不值得一读。除了用历史证明“金融危机会一再发生”这个已经人尽皆知的事实外，没有提供新的信息、能量或物质。
0 有用 Robin-yq 2023-05-08 22:27:28 上海
数据整理得挺好....
0 有用 喜欢猫的狗 2023-05-06 22:48:17 广东
世上没有新鲜事，300左右一个朝代。我还是喜欢那个周而复始生生不息。
0 有用 你是瓜兄吗？ 2023-04-17 23:02:24 浙江
看推荐而看的书，实在是读不进去。作者用了很多文字、图表，但是我就是“每个字都懂，连在一起却看不懂”的状态
0 有用 巴西烤猪 2023-04-16 18:44:50 北京
很论文的一本书，量化分析八百年的金融危机历史。读后的感觉是说了很多，但又似乎什么都没说。可能是太专业了，不适合我这种宏观经济小白。