Figure 11.1 Stylized balance sheets of firms and banks

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Figure 11.1 Stylized balance sheets of firms and
banks
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Figure 11.2 Financial crisis in an asymmetric
information framework
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Figure 11.3 Current account balance of selected
EU countries, 2006-2012
Source van Marrewijk (2012), updated for 2012
with estimates from The Economist, 8 September
2012
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Figure 11.4 Global imbalances current account
balance (US bn), 1970-2011
Source based on World Development Indicators
online data EU European Union
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Figure 11.5 Foreign-held US government debt (US
billion), 2011
Source van Marrewijk (2012) oil exp nat oil
exporting nations
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Figure 11.6 Perverse savings and the
backward-bending savings curve
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Figure 11.7 Currency crises and ongoing banking
crises, 1970-2012
Source author calculations based on data from
Laeven and Valencia (2012)
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Figure 11.8 The unfolding of a financial crisis
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Figure 11.9 The vicious circle of financial
crises
Source Krugman (2000).