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Search results with tag "The asset price bubble"
Manias, Panics, and Crashes - Grasping Reality by Brad DeLong
delong.typepad.comthe asset price bubble in Japan led to the massive failure of a large num-ber of banks and other types of financial firms and more than a decade of sluggish economic growth. The implosion of the asset price bubble in Thailand triggered the contagion effect and led to sharp declines in