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Banking Crises: An Equal Opportunity Menace Carmen M. Reinhart, Kenneth S. Rogoff.
NBER Working Paper No. 14587 Issued in December 2008
NBER Program(s):International Finance and Macroeconomics The historical frequency of banking crises is quite similar in high- and middle-to-low-income countries, with quantitative and qualitative parallels in both the run-ups and the aftermath.
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