Surviving Large Losses: Financial Crises, the Middle Class, and the Development of Capital Markets

by PhilipHoffman (Author), G Postel -vinay (Author), JRosenthal (Author), Philip T. Hoffman (Author)

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  Financial disasters often have long-range institutional consequences. This title explains why such financial crises occur, why their effects last so long, and what political and economic conditions can help countries both rich and poor survive - and even prosper - in the aftermath.