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From Great Depression to Great Credit Crisis: similarities, differences and lessons

  1. Miguel Almunia,
  2. Agustín Bénétrix,
  3. Barry Eichengreen,
  4. Kevin H. O’Rourke,
  5. Gisela Rua

Article first published online: 1 APR 2010

DOI: 10.1111/j.1468-0327.2010.00242.x

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Economic Policy

Economic Policy

Volume 25, Issue 62, pages 219–265, April 2010

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How to Cite

Almunia, M., Bénétrix, A., Eichengreen, B., O’Rourke, K. H. and Rua, G. (2010), From Great Depression to Great Credit Crisis: similarities, differences and lessons. Economic Policy, 25: 219–265. doi: 10.1111/j.1468-0327.2010.00242.x

Author Information

  1. University of California, Berkeley; Trinity College, Dublin; University of California, Berkeley; Trinity College, Dublin; University of California, Berkeley

  1. This paper was presented at the 50th Economic Policy Panel Meeting, held in Tilburg on 23–24 October 2009. The authors thank the University of Tilburg for their generosity in hosting the meeting. It is produced as part of the project ‘Historical Patterns of Development and Underdevelopment: Origins and Persistence of the Great Divergence (HI-POD)’, a Collaborative Project funded by the European Commission’s Seventh Research Framework Programme, Contract number 225342. Financial assistance was also received from the Coleman Fung Risk Management Center at the University of California, Berkeley. This paper could not have been written without the generosity of many colleagues who have shared their data with us. We are extremely grateful to Richard Baldwin, Giovanni Federico, Vahagn Galstyan, Mariko Hatase, Pierre-Cyrille Hautcoeur, William Hynes, Doug Irwin, Lars Jonung, Philip Lane, Sibylle Lehmann, Ilian Mihov, Emory Oakes, Albrecht Ritschl, Lennart Schön, Pierre Sicsic, Wim Suyker, Alan Taylor, Bryan Taylor, Gianni Toniolo, Irina Tytell, the staff at the National Library of Ireland, two anonymous referees, and the editor, Philippe Martin.

  2. The Managing Editor in charge of this paper was Philippe Martin.

Publication History

  1. Issue published online: 1 APR 2010
  2. Article first published online: 1 APR 2010

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