000			03136cam a22004337 4500
001			w21287
003			NBER
005			20211020105559.0
006			m o d
007			cr cnu||||||||
008			210910s2015 mau fo 000 0 eng d
100	1		_aBordo, Michael D. _96595
245	1	0	_aGrowing Up to Stability? Financial Globalization, Financial Development and Financial Crises / _cMichael D. Bordo, Christopher M. Meissner.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2015.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w21287
500			_aJune 2015.
520	3		_aWhy did some countries learn to grow up to financial stability and others not? We explore this question by surveying the key determinants and major policy responses to banking, currency, and debt crises between 1880 and present. We divide countries into three groups: leaders, learners, and non-learners. Each of these groups had very different experiences in terms of long-run economic outcomes, financial development, financial stability, crisis frequency, and their policy responses to crises. The countries that grew up to financial stability had rule of law, democracy, political stability and other institutional features highlighted in the literature on comparative development. We illustrate this by way of case studies for three kinds of financial crises for four countries (Argentina, Australia, Canada, and the United States) over the long-run.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aE44 - Financial Markets and the Macroeconomy _2Journal of Economic Literature class.
690		7	_aE58 - Central Banks and Their Policies _2Journal of Economic Literature class.
690		7	_aE65 - Studies of Particular Policy Episodes _2Journal of Economic Literature class.
690		7	_aF32 - Current Account Adjustment • Short-Term Capital Movements _2Journal of Economic Literature class.
690		7	_aF33 - International Monetary Arrangements and Institutions _2Journal of Economic Literature class.
690		7	_aF34 - International Lending and Debt Problems _2Journal of Economic Literature class.
690		7	_aF43 - Economic Growth of Open Economies _2Journal of Economic Literature class.
690		7	_aF6 - Economic Impacts of Globalization _2Journal of Economic Literature class.
690		7	_aN10 - General, International, or Comparative _2Journal of Economic Literature class.
690		7	_aN20 - General, International, or Comparative _2Journal of Economic Literature class.
700	1		_aMeissner, Christopher M. _916565
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w21287.
856	4	0	_uhttps://www.nber.org/papers/w21287
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w21287
942			_2ddc _cW-PAPER
999			_c326835 _d285397