Financial crises tend to have common underlying macroeconomic causes: low relative price inflation rates,a narrowing current account deficit,and an excessive expansion of domestic borrowing.

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Financial crises tend to have common underlying macroeconomic causes: high relative price inflation rates,a widening current account deficit,excessive expansion of domestic borrowing,and asset price inflation (such as sharp increases in stock and property prices).

Financial Crises Tend to Have Common Underlying Macroeconomic Causes: Low