Two Depressions, One Banking Collapse

作者: Christopher Kent , Chay Fisher

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摘要: The depression of the 1890s in Australia was associated with collapse banking system, whereas problems financial system during 1930s were far less severe. This is despite fact that initial macroeconomic shock at least as large depression. We show variation performance sector two depressions due to differences condition well before each Differences real external factors and government policies not sufficient explain sector.

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