@article{Bordo2008Growing,
abstract = {This lecture revisits the evidence on the incidence and severity of different varieties of financial crises within the context of globalization then (pre-1914) and now (1980 to the present). I then discuss the determinants of emerging market crises from the perspective of the recent balance sheet approach. This approach puts at center stage the importance of financial development. I then peel the onion back further and consider the ?deep? institutional determinants of financial development and their relationship to financial stability. I conclude by conjecturing about the ways countries learn from their financial crises to improve their institutions and grow up to financial stability.},
address = {Kiel},
author = {Michael D. Bordo},
copyright = {http://creativecommons.org/licenses/by-nc/2.0/de/deed.en},
doi = {10.5018/economics-ejournal.ja.2008-12},
journal = {Economics: The Open-Access, Open-Assessment E-Journal},
keywords = {O1; F4; G2; N1; 330; Financial crises; globalization; financial development; institutions; Internationaler Finanzmarkt; Finanzmarktkrise; Globalisierung; Industriestaaten; Aufstrebende M\"{a}rkte},
language = {eng},
number = {2008-12},
pages = {1-17},
publisher = {Kiel Institute for the World Economy (IfW)},
title = {Growing up to Financial Stability},
url = {http://hdl.handle.net/10419/18025},
volume = {2},
year = {2008}
}
