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propensity to save from this additional income may be exceptionally high. Increased savings and investment among the poor can, in … applied to human capital investment in Brazil and Korea from 1960 to 1990 …
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This paper discusses the ways in which macroeconomic developments can put stress on banks, and in extreme cases lead to banking crises. There are many ways in which this can occur, and no specific mechanism is endorsed. These macroeconomic causes of bank vulnerability and crisis have important...
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