An Excursion through Two Hundred Years of Financial Crises
This paper examines major U.S. financial crises from the beginning of the nineteenth century to the present. The financial crises of Poland are also discussed. Observing similarities and differences among various financial crises, including their causes and government responses, can shed light on the nature of financial crises. The current financial crisis is described and potential policies that may remedy the problem are discussed. Additionally, the paper briefly describes financial crises in Poland. The conclusion is that financial crises cannot be avoided. (original abstract)
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