EPISODE · Jan 8, 2013 · 5 MIN
Understanding Financial Crises
from IMF Podcasts
Financial crises have been with us for hundreds of years. From the currency crisis of the Roman Empire to more recent events such as the 2008 financial meltdown, financial crises have been pervasive in market economies. Gary Gorton argues that crises are inevitable, but that with the right policies, their effects can be mitigated.
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