Dynamic Models for the Inter-Relations of Real and Financial Growth - Couverture rigide

Ekstedt, H.; Westberg, L.

 
9780412353505: Dynamic Models for the Inter-Relations of Real and Financial Growth

Synopsis

The high growth rate in many industrial countries during the first two decades after World War II produced a financial expansion, which in its turn made possible an extension of the growth process. But it also led to a financial crisis, when increasing costs during the 1970s created growing deficits in the balance of payments and the government budgets in many countries.

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