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Cited by 422

The DOI matches its Crossref record; 23 of the 23 references it cites were found in a registry or an index.

Asymmetric Information and Financial Crises: A Historical Perspective

Open access
Mishkin, Frederic·1990·National Bureau of Economic Research
DOI 10.3386/w3400
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Abstract

This paper examines the nature of financial crises from a historical perspective using the new and burgeoning literature on asymmetric information and financial structure.After describing how this literature helps to understand the nature of financial crises, the paper focuses on a historical examination of a series of financial crises in the United States, beginning with the panic of 1857 and ending with the stock market crash of October 19.1987.The asymmetric information approach explains the patterns in the data and many features of these crises which are otherwise hard to explain.It also suggests why financial crises have had such important consequences for the aggregate economy over the past one hundred and fifty years.

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Metadata

Authors
Mishkin, F.
Venue
National Bureau of Economic Research
Publisher
National Bureau of Economic Research
Published
1990-07
Pages
69-108
DOI
10.3386/w3400
OpenAlex
W1574863696
Cited by
422
References
23
Type
report
Language
en
Open access
green

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CoChat. (2026). Citation check: Asymmetric Information and Financial Crises: A Historical Perspective. https://app.cochat.ai/papers/10.3386/w3400
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Mishkin, F. (1990). Asymmetric Information and Financial Crises: A Historical Perspective. National Bureau of Economic Research. https://doi.org/10.3386/w3400

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