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)
八旗兵
机械工业出版社2012版
左其盛
机械工业出版社2020版
momo
机械工业出版社2012版
1 有用 元非 2010-12-10 20:47:06
这书包装得也忒山寨了吧，跟货币战争有一拼了，明明是学术书籍
2 有用 VIctor Cheng 2011-07-27 22:25:48
金融危机发生：1、资产价格下跌，平均而言，实际房价下跌35%，持续时间超过6年，日本房价下跌了17年（1991—2008年），股价指数下跌56%，持续时间超过3.5年。2、资产价格下跌后，银行危机出现，失业率在银行危机周期的下行阶段平均上升了7%，持续时间超过4年。
0 有用 吴鸭嘴 2011-12-18 17:26:09
嚓！好书全他妈的被封面毁了
0 有用 Robot Chicken 2012-01-01 20:56:51
浩瀚金融史，数据最王道
2 有用 伊卡洛斯 2012-08-02 08:43:48
技术在变，人的身高在变，时尚也在变，但政府和投资者自我欺骗的能力并没有变
0 有用 Tough 2023-07-16 06:21:13 江苏
贬值率达25%定义为货币危机。新兴市场国家外债与GNP的比率超过30%～35%，债务违约风险开始显著增加。臭名昭著的特索：与外币挂钩的国内债务。五危机：外部或国内主权违约、银行危机、货币危机和通货膨胀。卢卡斯批判。
0 有用 song123 2023-01-24 18:58:55 北京
数据详实，介绍了每次金融危机，专家都认为这次不一样，实则存在很多相关的地方，虽然金融工具和体系变了，但人的本性没变。债务危机、银行危机等
0 有用 weidount 2022-12-19 11:19:26 美国
这次也一样
0 有用 evanse 2022-09-07 16:31:29 北京
和书名展现出来的不一样，其实是非常严肃的大论文
0 有用 痰盂林 2022-05-30 18:09:56
外债 本币计价？