Banks make higher-risk foreign loans during what Kindleberger's refers to as "the period of mania."

Name: Banks make higher-risk foreign loans during what Kindleberger's refers to as "the period of mania."
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During the period of mania, as described by Charles Kindleberger in his analysis of financial crises, there is typically an increase in speculative investment and risk-taking, including higher-risk foreign loans, as investors and institutions become overly optimistic about potential returns.

Banks Make Higher-Risk Foreign Loans During What Kindleberger's Refers to as "The