Macroeconomic adjustment and the history of crises in open economies
Aizenman, Joshua, Noy, Ilan. Are countries that have previously experienced banking crises less vulnerable to them in the future? This column argues that, in fact, previous crises might make future crises more likely. There isn’t much evidence of a learning process from past mistakes because the regulator often lags behind banking’s pace of innovation. Preparing to […]
Καθαρή επενδυτική θέση σε επιλεγμένα κράτη μέλη της Ευρωζώνης (εκ. ευρώ, 1999-2011)
Σ.Μ.