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International Contagion 1618–1930

In: Manias, Panics, and Crashes

Author

Listed:
  • Robert Z. Aliber

    (University of Chicago)

  • Charles P. Kindleberger

    (Massachusetts Institute of Technology)

Abstract

The first question suggested by the review of the historical record that banking crises occur in waves is the source of the shocks that led to the surges in indebtedness and the prices of securities in the boom that precedes each of these crises. The second is the connection that links the crises that occur at about the same time in different countries — why did Mexico, Brazil, and Argentina have banking crises in the summer of 1982 and why did Iceland and Britain have a crisis at about same time as the one in the United States in 2008.

Suggested Citation

  • Robert Z. Aliber & Charles P. Kindleberger, 2015. "International Contagion 1618–1930," Palgrave Macmillan Books, in: Manias, Panics, and Crashes, edition 0, chapter 8, pages 183-199, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-52574-1_9
    DOI: 10.1007/978-1-137-52574-1_9
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