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Geldpolitik, vagabundierende Liquidität und platzende Blasen in neuen und Aufstrebenden Märkten

Schnabl, Gunther et al.
Munich Personal RePEc Archive · Reports
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We show how since the mid 1980s expansionary monetary policies in the large economies and “vagabonding liquidity” have contributed to bubbles in the new and emerging markets. Based on the monetary overinvestment theories of Hayek and Wicksell we describe a wave of bubbles and crises that was initiat
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