Fed: Financial Liberalizations, Booms, and Crashes
June 04, 2026
June 04, 2026
WASHINGTON, June 4 (TNSLrpt) -- The Federal Reserve issued the following white paper abstract (No. 2206-034) in May 2026 by Maximilian Grimm, Moritz Schularick, and Emil Verner, entitled "Financial Liberalizations, Booms, and Crashes".
Here are excerpts:
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Financial liberalization is often seen as a way to deepen credit markets and stimulate economic growth, but it may also fuel credit booms that end in crisis. We construct a new cross-country . . .
Here are excerpts:
* * *
Financial liberalization is often seen as a way to deepen credit markets and stimulate economic growth, but it may also fuel credit booms that end in crisis. We construct a new cross-country . . .