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Wirtschaftskrisen, -einbrüche und -schocks können verheerend sein, doch langfristig wirkten sie offenbar oft transformativ. Harold James zeigt auf, inwiefern die großen Krisen ab Mitte des 19. Jahrhunderts – von der Hungerkrise in Irland über die großen Weltwirtschaftskrisen bis zu den...
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, particularly the banking system. Theory suggests that falling prices, by reducing the net worth of banks and borrowers, can affect …
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This paper examines three areas in which analogies have been made between the interwar depression and the financial crisis of 2007 which reached a dramatic climax in September 2008 with the collapse of Lehman Brothers and the rescue of AIG: they can be labeled macro-economic, micro-economic, and...
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