Understanding Global Crises: An Emerging Paradigm

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Exploring the complexities of financial crises, the book highlights both common patterns and unique triggers, such as asset bubbles and credit contractions. Assaf Razin reviews an emerging analytical paradigm that integrates these elements into a coherent framework, emphasizing its empirical testability. The work delves into the foundational theories of financial and monetary crises, providing a clear understanding of their interconnections within macroeconomic analysis. This study is essential for comprehending the dynamics of recent global financial turmoil.