Crises, Volatility, and Growth
When credit is constrained, a bias toward short-term debt can arise in financing long-term investments, generating maturity mismatches and leading potentially to liquidity crises. After the financial crises of the 1990s many voices rose to explain that the causes of these crises were new (Radelet an...
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| Format: | Journal Article |
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World Bank
2012
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| Online Access: | http://hdl.handle.net/10986/4465 |