Title: Growing up to financial stability
First published: 2007
Description: "This lecture revisits the evidence on the incidence and severity of different varieties of financial crises within the context of globalization then ( pre-1914) and now ( 1980 to the present).  I then discuss the determinants of emerging market crises from the perspective of the recent balance sheet approach.  This approach puts at center stage the importance of financial development.  I then peel the onion back further and consider the "deep" institutional determinants of financial development and their relationship to financial stability.  I conclude by conjecturing about the ways countries learn from their financial crises to improve their institutions and grow up to financial stability"--National Bureau of Economic Research web site.
LC classification: HB1