Multiple Equilibria, Contagion, and the Emerging Market Crises |
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| Author:
| Masson, Paul R. |
| ISBN: | 978-1-282-10836-3 |
| Publication Date: | Jan 1999 |
| Publisher: | International Monetary Fund
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| Book Format: | Ebook |
| List Price: | USD $15.00 |
Book Description:
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"The dominant theme that emerges is that there is more than one plausible explanation for any slightly mysterious phenomenon (such as the arrival and spread of cholera or yellow fever), that these contending plausible explanations often have radically different implications for public action, and that societies are reluctant to undertake costly or even inconvenient actions on the basis of contending thories of uncertain merit" (Cooper, 1989, pp. 180-81).
"The dominant theme that emerges is that there is more than one plausible explanation for any slightly mysterious phenomenon (such as the arrival and spread of cholera or yellow fever), that these contending plausible explanations often have radically different implications for public action, and that societies are reluctant to undertake costly or even inconvenient actions on the basis of contending thories of uncertain merit" (Cooper, 1989, pp. 180-81).