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Econ%20104%20Syllabus--Pollin--Fall%20-page10 -...

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Historical PaBern Kindleberger , Manias, Crashes and Panics Crisis Every 8.5 years from 1770 – present Basic pa^ern: “Overleveraging” Borrowing too much in pursuit of new proFt
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Unformatted text preview: opportuniKes – Creates selfQreinforcing bubble – Crisis begins when bubble bursts • Impact of Financial Regula±on and Deregula±on – BiparKsan support for deregulaKon 4...
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