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To see the digital version of this report, please click here.. To purchase printed copies or a PDF of this report, please email gloria.balbastro@thomsonreuters.com.. Financial crises have been an unfortunate part of the industry since its beginnings. A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. 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So is his historical review of recessions and financial crises and how they fit …

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