In the past twenty-five years the international economy has witnessed a series of unusually large external shocks. External shocks often lead to crises - crises of negative growth, inflation, and debt. Countries that experience high inflation with negative growth show an immediate recovery in growth following stabilization. Countries that experience a large buildup of debt with negative growth do not show a recovery in growth after debt rescheduling...
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INFORMATION
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1996/07/31
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Fiche
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17853
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1
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1
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2010/07/01
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Why crises can be good for growth
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high inflation
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